India is set to emerge as a major hub for iPhone manufacturing as US smartphone big Apple appears to diversify manufacturing items outdoors China.
Apple produced smartphones worth $205 billion in its fiscal year ended September 2022. According to Counterpoint Research, mainland China's contribution is gradually going down - to around 91.2-93.5% of global shipments in 2022, from 95.8% in 2021 and 98.2% in the year 2020.
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