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Apple Ramps Up India Manufacturing and Sales Amid Expansion Beyond China

  • India is projected to become one of the world's largest economies, making it an attractive growth market for Apple.
  • Apple has rapidly grown iPhone sales in India to become its fifth largest market as it focuses on distribution and affordability.
  • Apple supplier Foxconn is investing heavily in new India factories, buying $33 million of Apple equipment, aiming for 25% local iPhone production.
  • India's large population, growing middle class, and increasing demand for luxury goods provide major expansion opportunities.
  • Apple aims to reduce dependence on China manufacturing amid trade tensions by accelerating supply chain growth in India.
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