Apple Boosts India iPhone Production to $14B, Diversifies from China- CNBC

👉 Key Highlights:
📍 Apple's India iPhone production hits $14 billion, doubling last year's output.
📍 Move part of strategy to reduce reliance on China amid US-China tensions.
📍 14% of all iPhones now made in India, up from 7% last year.
📍 Pegatron, Foxconn, and Wistron key players in Apple's India production.
📍 Tim Cook sees India as a "huge opportunity," following retail store openings.
📍 Despite China's role as a key market, Apple faces a 24% sales dip there in early 2024.
📍 Competition from Huawei and others intensifies in China.