In a new development, Apple has reportedly started exporting some iPhones made in India to certain European markets. The move, if true, will boost the Indian Government's initiative for foreign companies to "Make in India" and another step in Apple's efforts of making India an export hub. Apple began advertising "Now made in India" earlier this year.
Apple's contract manufacturer in India, Wistron, has become the first of Apple's contract makers to export the smartphones, from its facility in Bengaluru. The timing is interesting considering that a rumor surfacing last month claimed that Apple was preparing a fundamental restructuring of its supply chain that could shift up to 30% out of China."
Neil Shah, research director at Counterpoint Research, citing export data that the firm tracks stated for the report that the "iPhone 6s and iPhone 7 are being exported in quantities of under 100,000 units a month. The exports to European markets began a few months ago."
The move to use India as an export hub would bear well for both the country and Apple. While it would cement India's position as an attractive destination for foreign investment for not just domestic market but also exports, Apple would benefit by fulfilling requirements for other markets from outside China, it's largest base for contract manufacturing for iPhones. For more on this read The Economic Times report.
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