72 By 2025, Apple is anticipated to dramatically boost its local production capability, increasing the volume of iPhones manufactured in India. According to reports, Apple has instructed its local manufacturers, Foxconn, Pegatron, and Wistron, to increase production. T his approach could result in local iPhone production increasing to 12-15 million units during the next two years. Faisal Kawoosa, co-founder of research firm TechArc, Apple’s domestic manufacturing accounts for 72% to 7.7% of the company’s overall income in India, with 7.1 million iPhone sales in India expected by 2022. You Might Be Interested In GE Completes Separation of Healthcare Business, Launches GE HealthCare Technologies Inc. Netflix Shareholders Reject Executive Compensation Plans Amidst Writers’ Protest NatWest and RBS to shut doors on another 19 branches “Despite Wilko’s Demise, Promising Investment Opportunities Emerge in Britain’s Challenged Retail Sector, Says Financial Analyst” Adani Capital deal will allow access to India’s ‘underbanked’: Bain Tesla Investor Names This Candidate As ‘Big Winner’ Of 1st GOP Presidential Primary Debate: ‘He Scored Many Big Points’
