Apple’s manufacturing plants thrive as iPhone exports rise
iPhone exports – From just April to December of this year, Apple’s exports of iPhones built in India increased by over double from the previous fiscal year to over $2.5 billion.
In the first nine months of the fiscal year that ends in March 2023, the two companies that make the iPhone, Foxconn Technology Group and Wistron Corp., both shipped more than $1 billion worth of Apple’s renowned products abroad.
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While Pegatron Corp., another significant Apple contract manufacturer, is on target to export around $500 million worth of the devices by the end of January, according to the article.
From just April to December of this year, Apple’s exports of iPhones built in India increased by over double from the previous fiscal year to over $2.5 billion.
In the first nine months of the fiscal year that ends in March 2023, the two companies that make the iPhone, Foxconn Technology Group and Wistron Corp., both shipped more than $1 billion worth of Apple’s renowned products abroad.
iPhone exports
While Pegatron Corp., another significant Apple contract manufacturer, is on target to export around $500 million worth of the devices by the end of January, according to the article.
These quickly rising export figures demonstrate how the iPhone manufacturer is expanding operations outside of China, where unrest at Foxconn’s major facility in Zhengzhou exposed weaknesses in the Cupertino-based company’s supply chain and forced it to lower output projections.
Apple’s sales prognosis for the busy year-end holiday season has been dimmed as a result of the disruptions, which caused Apple to decrease its forecast for shipments of the premium iPhone 14 models this week.
It even caused a larger issue with electronics demand to evaporate as customers assessed the likelihood of a worldwide recession.
The post Apple’s India manufacturing plants thrive as iPhone exports rise 2 times appeared first on IndiaFrontline.
