Apple In India News

Apple is doubling down on its India plans. It is planning to shift more than 18% of its iPhone production to India. For the global tech giant, India is now a preferred manufacturing location. Modi government’s PLI scheme is driving increased mobile phone assembly and production in the country and companies like Apple are responding to government’s call to make in India. Apple already produces 7% of its iphones at its factories in India. This number is now all set to nearly increase 2.5 times to 18% by FY 25. A Bank of America research report, citing the recent success of mobile phone assembly and production in India claims increased production of mobile phones in India will lead to a significant shift in global supply chains.

The video highlights how India is emerging as a strong market for Apple and its products. Apple CEO Tim Cook recently visited India and opened two new Apple stores, signaling India's emergence as a strategic priority for the company. With supply chains shifting away from China as its smartphone market becomes saturated with iPhone users, analysts suggest that Apple should increase its marketing and retail efforts in India. Apple has less than 5% of the smartphone market in India, but the government wants to collaborate with Apple to enable manufacturing, which could help increase the company's revenue potential. However, growth may take time, and Apple will need to bridge the price gap and increase its marketing and retail efforts. Overall, India is critical to Apple's sales growth and a key strategic market for the company. #appleindia #apple #appleindiainvestment #wwdc23 #mint Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg

In This Video Let Us Know More About How Apple Is Exploring Ways To Increase iPhone Production in India.

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In This Video,We'll Get To Know More About Apple’s First Upcoming Retail Store In India!

Apple is one of the biggest and most valuable companies in the world. So, when it makes a move like Reorganising Its Management Structure to put more emphasis on a particular market, it's worth paying attention. That's exactly what has happened with Apple's recent move to give more focus to India. For the first time, India will have its Own Sales Region at Apple, highlighting the nation's growing significance in the Global Market. In this video, we'll dive into the details of Apple's Latest Move And Explore Why India Is Becoming More Vital To The Company's Product Development

Apple is one of the biggest and most valuable companies in the world. So, when it makes a move like Reorganising Its Management Structure to put more emphasis on a particular market, it's worth paying attention

While Apple is within touching distance of $2 billion in sales from India, the pace of expansion is slower than the 53% growth it posted in 2015-16

The govt is considering iPhone maker Apple’s proposal for setting up a manufacturing unit in India, says Union minister Alphons Kannanthanam

Apple has asked for several tax and other incentives to enter India in the manufacturing sector