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This is a India news story, published by MSN, that relates primarily to Apple news.
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India is Planning to Dominate Smartphone Manufacturing
60% Informative
For Apple , the iPhone is a huge part of their business.
It's made-up about 44% of all of Apple 's sales, and the iPhone made up $147 billion in revenue last year .
This year , Apple has started ramping up production of iPhones in India as opposed to China .
India started manufacturing mobile phones in 2014 and manufactured 150 million in 2019 .
If successful, India hopes to revive an economy battered by lockdowns.
The iPhone 11 is one of the best selling smartphones for Apple and the move signals as renewed confidence in Indias manufacturing capabilities and demand in the market.
Manufacturing in India saves the company 22% in import duties and should Apple choose to pass this on to the customers, it could become a very good option.