Apple is betting big on India

Apple in recent years has made an aggressive move to expand operations on both the manufacturing and sales front in India. The company opened its online store in India in 2020 and its first physical stores in the country last year and India is growing into one of the company’s largest markets.
Arjun Kharpal for CNBC:
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Apple has recently made an aggressive play to expand operations in India: the country has a huge population, with a growing middle class willing to splash out more on high-end phones.
But it’s not just about sales for Apple. The tech giant has also boosted its manufacturing footprint in India, via Foxconn, the Taiwanese firm that assembles iPhones. Apple now makes around 1 in 7, or 14%, of its iPhones in India, according to a Bloomberg report this month.
Last year, an Indian government minister said Apple was looking to eventually manufacture 25% of all of its iPhones in India.
It’s led many investors to wonder whether India can become the next China for Apple.

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MacDailyNews Note: In the latest episode of CNBC Tech’s “Beyond the Valley” podcast, Tom Chitty and Kharpal discuss why Apple is pursuing the Indian market — and if it can live up to its promise:

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