It seems South Asia and Latin America are the new Trump cards for tech giant Apple, while China and the West continue to slow down. Apple CEO Tim Cook is betting that these markets will provide more opportunities due to their youthful populations and relatively few iPhones.

Apple expansion: Sour taste for competition?

Apple has bet big on India since it began iPhone assembly in the country in 2017. Apple is now planning to further boost the iPhone production in the country especially as the company has accelerated plans to shift some of its iPhone production outside of China. In India apple is said to have significantly increased its production of iPhones in India according to a report the company now amounts accounts for almost seven percent of its total iPhone production, this is up from one percent in 2021. In other words in the last fiscal year the company assembled iPhones worth more than seven billion dollars in India analysts believe Apple could make 25 of the iPhones in India by 2025. Now India is increasingly becoming a manufacturing base for Apple and some Apple products are already assembled in the country.

Apple ramps up iPhone production in India to meet growing demand

<p>Apple Inc's Taiwanese supplier Pegatron Corp is planning to open its second manufacturing unit in India for which it will pump in $150 million, reports indicated this weekend. The talks are ongoing between relevant stakeholders, two sources with direct knowledge of the matter were quoted as saying by Reuters.</p>

<p><strong>ALSO READ -&nbsp;<a href="https://www.wionews.com/business-economy/apples-management-shake-up-reflects-its-focus-on-india-570188">Apple's management shake-up reflects its focus on India</a></strong></p>

<p>Pegatron plans to add a second facility near Chennai, just six months after opening the first with an investment of $150 million, Reuters reported.&nbsp;&nbsp;</p>

<h2><strong>Apple's shift to India: Why is it important?</strong></h2>

<p>The shift is important amid iPhone maker's partners' ongoing efforts to diversify production away from China.</p>

<p>Apple and its key suppliers have been shifting production away from China as they seek to avoid a potential hit to business due to much-reported US-China trade war amid mounting geopolitical competition between world's top two economies. In recent years, Pegatron has sought to expand its footprint in Southeast Asia and North America.</p>

<p>According to the report, India is seen as the next growth frontier for Apple.&nbsp;</p>

<p>The new manufacturing unit will operate "to assemble the latest iPhones".</p>

<p><strong>ALSO WATCH -&nbsp;Apple's iPhone exports from India surpass $2.5 billion</strong></p>

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<p>According to the India Cellular and Electronics Association, around $9 billion worth of smartphones have been exported from India between April 2022 and February this year, and iPhones accounted for more than 50 per cent of them.</p>

<h2><strong>Apple's India focus: Potential location of&nbsp;second manufacturing unit of Apple supplier</strong></h2>

<p>The talks for starting a second Pegatron facility on lease are ongoing and it will be located inside Mahindra World City near Chennai, just around where the company inaugurated the first plant in September 2022, the report said.&nbsp;</p>

<p><em>(With inputs from Reuters)</em><br />
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Apple Inc's Taiwanese supplier Pegatron Corp is planning to open its second manufacturing unit in India for which it will pump in $150 million, reports indicated this weekend.

Apple Inc's Taiwanese supplier Pegatron Corp is planning to open its second manufacturing unit in India for which it will pump in $150 million, reports indicated this weekend. The talks are ongoing between relevant stakeholders, two sources with direct knowledge of the matter were quoted as saying by Reuters. ALSO READ - Apple's management shake-up reflects its focus on India Pegatron plans to add a second facility near Chennai, just six months after opening the first with an investment of $150 million, Reuters reported. Apple's shift to India: Why is it important? The shift is important amid iPhone maker's partners' ongoing efforts to diversify production away from China. Apple and its key suppliers have been shifting production away from China as they seek to avoid a potential hit to business due to much-reported US-China trade war amid mounting geopolitical competition between world's top two economies. In recent years, Pegatron has sought to expand its footprint in Southeast Asia and North America. According to the report, India is seen as the next growth frontier for Apple. The new manufacturing unit will operate "to assemble the latest iPhones". ALSO WATCH - Apple's iPhone exports from India surpass $2.5 billion × According to the India Cellular and Electronics Association, around $9 billion worth of smartphones have been exported from India between April 2022 and February this year, and iPhones accounted for more than 50 per cent of them. Apple's India focus: Potential location of second manufacturing unit of Apple supplier The talks for starting a second Pegatron facility on lease are ongoing and it will be located inside Mahindra World City near Chennai, just around where the company inaugurated the first plant in September 2022, the report said. (With inputs from Reuters)

Apple supplier Pegatron veers away from China, in talks to open second unit in India

Apple one of the most valuable Brands globally, some of the key employees are leaving Apple. You would be surprised to know that over the last few months Apple has lost about a dozen high-ranking executives, many of them were responsible for day-to-day core functions. Most of the outgoing executives carried the ranks of vice presidents and were just below the senior vice president rank that reports to Apple CEO Tim Cook.

Why are so many apple executives leaving?