Apple, India and iPhone
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Sales of foreign-branded phones, including Apple Inc's iPhone, declined 31.3% year-on-year in China in June, according to Reuters' calculations based on data released on Wednesday by a government-affiliated research firm.
Apple shifts more iPhone production to India, with all iPhone 17 models set to launch from Indian factories for the first time.
According to Bloomberg, both Foxconn and Tata are now assembling the full iPhone 17 series in India, including the premium Pro models. Production is taking place at Tata’s Hosur facility and Foxconn’s Bengaluru plant,
After years of relying on China for iPhone production, Apple is boosting its presence in India. The tech giant hit a milestone ahead of the iPhone 17 launch.
Apple has expanded its supplier base in India over the years as it has steadily diversified beyond China following Covid shutdowns that affected production and a trade war between Washington and Beijing.
Apple has unveiled its third new Apple Store in Shenzen, China, which is due to open on August 16, 2025.
Apple lost its crown as the biggest smartphone seller in China to rival Vivo, sliding to third place in the quarter, followed by Huawei, whose market share jumped to 15.5% from 9.3% a year earlier.
Treasury Secretary Scott Bessent told CNBC on Tuesday that India is "profiteering" off of Russia's invasion of Ukraine
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