Apple May Rely on China After Tata Plant Fire in India

• A fire at Tata Group's Apple iPhone component plant in India could disrupt production ahead of a festive season sales surge.
• The incident may force Apple's suppliers to source critical parts from China or elsewhere.
• The fire has caused an indefinite production halt at Tata's Hosur plant in Tamil Nadu, the only Indian supplier of iPhone back panels.
• Apple may struggle to fulfil as much as 15% of the estimated 1.5 million units of iPhone 14 and 15 models demand during the Indian festive season.
• If the production suspension continues, Apple could set up another assembly line in China to secure parts for India's iPhone manufacturers.

Source: Reuters