Mumbai, India
Apple has been working to reduce its reliance on a single country, even as China has urged the company to continue investing in its factories. Despite also expanding in Vietnam, the major beneficiary of Apple’s move has been India, with the country say it’s their fastest growing firm there for 50 years.
According to Bloomberg, unspecified sources in India say that the country has exported almost $6 billion worth of iPhones in the six months through September 2024. Foxconn accounted for around half of that figure, with Pegatron and the Tata Group making up the rest.