Apple starts iPhone 12 assembly in India

Reuters2021-03-11

Apple Inc has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market.

“We are proud to be starting production of iPhone 12 in India for our local customers,” Apple said in a statement on Thursday, without naming the supplier making the smartphone.

The Indian unit of Apple’s Taiwanese contract manufacturer Foxconn will assemble the device in its plant in southern Tamil Nadu state, two sources familiar with the matter said.

Foxconn did not immediately respond to a request for comment, but has previously said it does not comment on client-specific work.

Apple has been shifting some areas of production from China to other markets as it navigates the trade war between Washington and Beijing. A person familiar with the matter said in November Foxconn is moving some iPad and MacBook assembly to Vietnam from China at its request.

Cupertino, California-headquartered Apple has bet big on India since it begin iPhone assembly in the country in 2017 via another Taiwanese supplier, Wistron.

Foxconn, Wistron and a third supplier Pegatron have together committed roughly $900 million over five years to make iPhones in India, leveraging New Delhi’s $6.7 billion plan to boost smartphone exports.

Apple is also planning to bring the assembly of its iPad tablet to India, Reuters reported last month.

“Nice to see our efforts to make India a big hub of mobile and components manufacturing is attracting global attention,” India’s technology minister Ravi Shankar Prasad tweeted following news of iPhone 12 production in India.

“This will create jobs in large numbers.”

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

12

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2118298631?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-11 18:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2118298631","market":"us","top_or_hot":-1,"title":"Apple starts iPhone 12 assembly in India","media":"Reuters","content":"<p>Apple Inc has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market.</p>\n<p>“We are proud to be starting production of iPhone 12 in India for our local customers,” Apple said in a statement on Thursday, without naming the supplier making the smartphone.</p>\n<p>The Indian unit of Apple’s Taiwanese contract manufacturer Foxconn will assemble the device in its plant in southern Tamil Nadu state, two sources familiar with the matter said.</p>\n<p>Foxconn did not immediately respond to a request for comment, but has previously said it does not comment on client-specific work.</p>\n<p>Apple has been shifting some areas of production from China to other markets as it navigates the trade war between Washington and Beijing. A person familiar with the matter said in November Foxconn is moving some iPad and MacBook assembly to Vietnam from China at its request.</p>\n<p>Cupertino, California-headquartered Apple has bet big on India since it begin iPhone assembly in the country in 2017 via another Taiwanese supplier, Wistron.</p>\n<p>Foxconn, Wistron and a third supplier Pegatron have together committed roughly $900 million over five years to make iPhones in India, leveraging New Delhi’s $6.7 billion plan to boost smartphone exports.</p>\n<p>Apple is also planning to bring the assembly of its iPad tablet to India, Reuters reported last month.</p>\n<p>“Nice to see our efforts to make India a big hub of mobile and components manufacturing is attracting global attention,” India’s technology minister Ravi Shankar Prasad tweeted following news of iPhone 12 production in India.</p>\n<p>“This will create jobs in large numbers.”</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple starts iPhone 12 assembly in India</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple starts iPhone 12 assembly in India\n</h2>\n\n<h4 class=\"meta\">\n\n2021-03-11 18:13 北京时间&nbsp;&nbsp;&nbsp;<strong>Reuters</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market.\n“We are proud to ...</p>\n\n<a href=\"None\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":null,"article_id":"2118298631","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2118298631","pubTimestamp":1615457597,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Apple Inc has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company r","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"苹果开始在印度组装iPhone 12","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Apple Inc has started the assembly of iPhone 12 in India, the U.S. tech giant said, as the company ramps up manufacturing operations in the world’s second-biggest smartphone market.\n“We are proud to be starting production of iPhone 12 in India for our local customers,” Apple said in a statement on Thursday, without naming the supplier making the smartphone.\nThe Indian unit of Apple’s Taiwanese contract manufacturer Foxconn will assemble the device in its plant in southern Tamil Nadu state, two sources familiar with the matter said.\nFoxconn did not immediately respond to a request for comment, but has previously said it does not comment on client-specific work.\nApple has been shifting some areas of production from China to other markets as it navigates the trade war between Washington and Beijing. A person familiar with the matter said in November Foxconn is moving some iPad and MacBook assembly to Vietnam from China at its request.\nCupertino, California-headquartered Apple has bet big on India since it begin iPhone assembly in the country in 2017 via another Taiwanese supplier, Wistron.\nFoxconn, Wistron and a third supplier Pegatron have together committed roughly $900 million over five years to make iPhones in India, leveraging New Delhi’s $6.7 billion plan to boost smartphone exports.\nApple is also planning to bring the assembly of its iPad tablet to India, Reuters reported last month.\n“Nice to see our efforts to make India a big hub of mobile and components manufacturing is attracting global attention,” India’s technology minister Ravi Shankar Prasad tweeted following news of iPhone 12 production in India.\n“This will create jobs in large numbers.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":12,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2118298631"}