India to emerge as a hub of iPhone manufacturing
Apple produced smartphones worth $205 billion in the last fiscal year
China’s contribution to global shipments has gradually gone down by 93.5 per cent
In 2021, it was 95.8 per cent and in 2020, it was 98.2 per cent
Apple is considering diversifying production units outside China
India is an ideal place for Apple to flourish
Analysts expect that local manufacturing of iPhones would rise in the next few years
