Apple starts manufacturing AirPods and Beats in India
Apple began moving some of its iPhone production from China to India back in 2020 and is now planning the same for AirPods and Beats. According to Nikkei, the Cupertino company has already asked suppliers to move production to the South Asian country with the goal of doubling exports by the end of March 2023.
Bloomberg reported earlier this week that iPhones made in India and shipped to Europe and the Middle East equal $1 billion in costs, and with the new move, that number could reach $2.5 billion by March 2023.
Analysts believe the move to India is good as it will diversify the manufacturing base that is currently heavily concentrated in China. India will also use the move as a statement that it is a manufacturing force to be reckoned with and can attract other companies to relocate their production.