What Apple's big bet on India means for the tech giant's future
Publishing timestamp: 2023-07-07 12:45:30
Summary
Apple CEO Tim Cook visited India to open flagship stores and sees India as a massive opportunity similar to China. Apple has been manufacturing iPhones in India since 2017 and aims to manufacture 25% of the world's iPhones there. The decision to diversify production was influenced by disruptions in China due to Covid-19. However, there are challenges in finding talent, building infrastructure, and navigating regulations in India.
Sentiment: NEUTRAL
Tickers: AAPL,
Keywords: economy, asia economy, tim cook, apple inc, business news, world economy, breaking news: economy, india, business,
Source: https://www.cnbc.com/2023/07/07/what-apples-big-bet-on-india-means-for-the-tech-giants-future.html