Apple Expands Retail Presence and Production in India

• Apple plans to open four new retail stores in Bengaluru, Pune, Delhi-NCR, and Mumbai, India.
• The company has also started domestic production of its entire iPhone 16 lineup, including Pro models.
• This move is part of Apple's strategy to diversify production away from China and tap into India's growing smartphone market.
• However, iPhone production in India is progressing slower than expected, with current output estimated at 10-15% of total production.
• Despite this, Apple's revenue in India jumped 42% year-on-year in 2023 to $8.7 billion, making it iPhone’s fifth largest smartphone market.

Source: Techcrunch