Taiwanese tech giants Foxconn and Pegatron on Monday (Dec 4) halted production of Apple iPhones at their facilities near the south Indian city of Chennai in Tamil Nadu, owing to the incessant rains in the region brought by Cyclone Michaung, according to a Reuters report.

Cyclone Michaung: Foxconn, Pegatron halt iPhone production in Chennai

Apple's manufacturing diversification away from China and into India is paying up with significant efficiency for the world's largest technology company. The total value of iPhones assembled by Apple in India between March 2022 and March 2023 is reported to be more than $7 billion (over 573 crore).

Apple, moving away from China, makes iPhones worth $7bn in India

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Cyclone Michaung: Foxconn, Pegatron halt iPhone production in Chennai

Apple, moving away from China, makes iPhones worth $7bn in India