Stock Market News
Apple now makes almost 7% of its iPhones in India – Bloomberg News
2023.04.13 02:18
© Reuters. FILE PHOTO: A salesperson walks past an advertisement at an Apple reseller store in Mumbai, India September 1, 2021. Picture taken September 1, 2021. REUTERS/Francis Mascarenhas
(Reuters) – Apple Inc (NASDAQ:) has significantly increased its production of iPhones in India, accounting for almost 7% of its total iPhone production, up from 1% in 2021, Bloomberg News reported on Thursday.
The company assembled more than $7 billion worth of iPhones in the country in the last fiscal year, the report said.
Apple did not immediately respond to a Reuters request for comment.
