For tech companies around the world, the business model of manufacturing in China and then exporting to the rest of the world does not make sense anymore. As a result, many tech companies are working on their own version of Apple s China Plus One policy
India will produce 45-50 percent of Apple s iPhones by 2027, on a par with China, where 80-85 percent of iPhones were produced in 2022, a new report claimed.
In a major fillip to India s dream to become a global manufacturing hub, Apple on Monday confirmed it has started manufacturing its top-selling iPhone 13 smartphone in India.