Apple’s recent release of the iPhone 14 will be met with a shift of production into India. The company has for a long time utilized China for manufacturing needs, however, recent geopolitical tension between the United States and China coupled with strict Covid-19 policy has led the company to make the decision to begin the bulk of its manufacturing within India.
Prime Minister Narendra Modi has been looking to bolster domestic manufacturing and exports through his campaign “Make in India” and he believes that Apple’s decision will be greatly beneficial to the country.
The new iPhone will be manufactured by the companies Foxconn Technology Group and Pegatron as the companies have already begun to ship the new phones.
Source: Financial Times