Production of iPhone 15 kicks off in India as Apple aims to diversify manufacturing, but analysts expect reduced volumes amid supply chain woes and smartphone market decline

Foxconn has started iPhone 15 production at a plant in India weeks after China to reduce the gap between the two countries.
Apple wants to diversify its supply chain due to geopolitical tensions between the US and China.
Analysts predict iPhone 15 production cuts due to component shortages and concerns over slowing demand.
Smartphone shipments globally are expected to hit a decade low in 2023, though Apple may gain market share.
Carriers are likely to offer aggressive iPhone 15 promotions to attract high-value customers amid disappointing industry smartphone sales.