The Briefing Room
General Category => Economy/Business => Topic started by: PeteS in CA on August 03, 2020, 11:04:36 pm
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Six Apple production lines capable of $5 billion in exports allegedly moving to India
https://appleinsider.com/articles/20/08/03/six-apple-production-lines-capable-of-5-billion-in-exports-allegedly-moving-to-india (https://appleinsider.com/articles/20/08/03/six-apple-production-lines-capable-of-5-billion-in-exports-allegedly-moving-to-india)
Following reports that Apple has pressed Foxconn to invest $1 billion in developing iPhone production in India, local sources claim that an unnamed iPhone manufacturer is establishing a new facility in the country. The claim also follows separate reports that Foxconn is now manufacturing the iPhone 11 Pro in the country.
In a new but inconsistent report published on Monday, The Times of India is claiming that what it calls a "contract manufacturer for Apple" is "shifting six production lines" for iPhones to India. It says that unnamed sources are saying that as well as making iPhones for sale in India itself, the new establishment will produce up to $5 billion worth of iPhones for export.