APPLE PRODUCTION DIVERSIFICATION
Trump's new tariffs test Apple's global supply chain
With Trump’s return, Apple faces new tariffs: 46% on Vietnam, 26% on India, and a rise from 20% to 34% on China imports. This threatens Apple’s global supply chain, hitting profits hard. The company’s diversification efforts may backfire as costs rise and production shifts face new challenges.
India's strategic positioning is key to maximising global trade opportunities: APCO Worldwide CEO
India must defend key sectors and leverage shifts in global supply chains to maximise its trade position, according to Brad Staples, CEO of APCO Worldwide. Fast-tracking Free Trade Agreements (FTAs) and ensuring policy stability are essential.
India’s shifting rides; Spinny tanks up
Happy Tuesday! India’s ride-hailing sector is experiencing significant disruption, with newer challengers entering the fray. This and more in today’s ETtech Morning Dispatch.
Dream11’s homecoming; Apple’s bigger India bite
Happy Monday! Dream Sports, Dream11's parent has relocated its domicile to India from the US. This and more in today’s ETtech Morning Dispatch.
Made-in-India smartphone shipments rose 6% in 2024: Apple, Samsung drove 94% of exports | Report
Smartphone manufacturing in India is expected to grow in double digits in 2025, alongside increasing local value addition. As per the report, Samsung was the top smartphone manufacturer in India in 2024, recording 7% year-on-year (YoY) growth. Vivo secured the second spot with 14% YoY growth, capturing a 14% shipment share, attributed to its offline retail expansion and enhanced distribution network.
India is now shipping Apple components to China & Vietnam. Thanks to 'Make in India'
India has begun exporting electronic components to China and Vietnam for Apple product manufacturing, marking a significant shift in its role within the global supply chain. Apple suppliers like Motherson Group, Jabil, Aequs, and Tata Electronics are producing key components in India to support this initiative, contributing to the development of a local electronics manufacturing ecosystem.
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HP Telecom India IPO subscribed 51% so far on Day 3: Check subscription, price band, GMP, and other details
HP Telecom India's Rs 34 crore SME IPO was subscribed 51% on its final bidding day. The IPO, priced at Rs 108 per share, saw 44% retail and 58% non-institutional investor subscription. The company is Apple's exclusive distributor in key Indian states, with Apple products contributing over 80% of its revenue.
HP Telecom India IPO opens for subscription. GMP, price band among key things to know
HP Telecom India's Rs 34 crore SME IPO opened for bidding on February 20, offering 31.7 lakh shares at Rs 108 each. As a key Apple products distributor across several Indian states, the company heavily relies on Apple for over 80% of its revenue.
Infy’s pre-hike bonus; Ex-OpenAI CTO’s startup
Infosys awards an average 80% performance bonus for Q3, ahead of annual pay hikes by March-end, sources told ET. This and more in today’s ETtech Top 5.
As FAANG stocks outperform Indian stocks, here’s how to ride the tech wave
FAANG: In 2024, FAANG stocks (Meta, Apple, Amazon, Netflix, Alphabet) saw strong growth, driven by innovation in AI, cloud, and emerging tech sectors. Indian investors can gain exposure through direct investments, ETFs, and leveraged products like the Mirae Asset NYSE FANG+ ETF. Despite risks, FAANG stocks remain attractive for 2025, with diversification key for a balanced portfolio.
Rising giants Dixon, Tatas set to wrestle for India EMS crown
With its strong financial resources, Tata is positioned to secure more favourable supplier deals, potentially reducing manufacturing costs, which could lead to intensified competition between the two players. The competition to expand is also expected to lead to consolidation in the sector, as smaller EMS players seek strategic alliances to stay competitive.
Is it a big warning from Warren Buffett? Ace investor has stopped buying this stock after investing $77.8 billion into it
Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has stopped buying this stock after investing a staggering $77.8 billion in the company since 2016.
‘Trump Factor’ can disproportionately influence 2025, says Kumar Mangalam Birla
Kumar Mangalam Birla, chairman of the Aditya Birla Group, highlighted the significant influence Donald Trump’s presidency could have on global dynamics in 2025. Trump, taking office as the 47th U.S. president, is expected to introduce tariffs and protectionist measures, potentially affecting global trade.
How China wants to press pause on India's Apple success story
China is hindering India's Apple manufacturing progress by delaying the supply of high-tech machinery, impacting sectors like electronics and EVs. This move aims to disrupt the Make in India initiative and Foxconn's expansion, especially as India emerges as a key player in global iPhone production.
Towering ambitions: Foxconn's expanding footprint in India
As Apple looks to diversify away from China, Foxconn has been doubling down on its India presence. But how successful will it be in its bid to move beyond smartphone assembly and into emerging sectors? With significant investments, new facilities, and strategic partnerships, Foxconn aims to strengthen its role in India’s manufacturing arena and reduce reliance on China.
Apple's India output shines, sales catching up
India is rapidly increasing iPhone production, with Made-in-India iPhones contributing 14-15% of Apple's global capacity in FY24 and expected to reach 26-30% by 2027. However, India's revenue contribution remains low at just over 2% of Apple's global revenue, compared to Greater China's 17%, highlighting the challenge posed by India's price-sensitive market.
Make-in-India Pro Max: iPhone 16 is a milestone for Indian manufacturing
India's manufacturing sector is gaining momentum, led by the electronics industry. Apple is a key player, with plans to shift 25% of iPhone production to India by 2025. The latest iPhone 16 series will be available here soon after global launch, marking a significant milestone for Indian manufacturing.
After iPhones, Foxconn in talks to assemble Apple iPads in India
Taiwanese contract manufacturer Foxconn, which assembles Apple's flagship iPhones in India, is now planning to assemble the tech giant's tablet iPad here as well. Sources aware of the matter said this is in line with Foxconn's strategy to diversify away from China. Industry insiders said that assembly of iPads is similar to that of smartphones.
Foxconn eyes major expansion in India: Plans to assemble Apple iPads at Tamil Nadu facility
Foxconn is exploring the possibility of assembling Apple iPads at its Tamil Nadu facility, marking a significant expansion from its current focus on iPhones. The move indicates confidence in India's growing supply chain capabilities for Apple products.
Apple's sales in India, a key market, surge to record USD 8 billion: Bloomberg
Apple Inc's annual sales in India hit a record of almost $8 billion in FY24, reported Bloomberg, quoting a person familiar with the data. Apple is also targeting India as a way to diversify its manufacturing and revenue sources beyond China. Apple's iPhone exports have reportedly surged from $6.27 billion in the fiscal year 2022-23 to $12.1 billion in 2023-24.
Govt seeks inputs from industry to lure manufacturers like Apple to design more here
Government collaborates with industry to boost electronics manufacturing in India, focusing on domestic value-add and encouraging smartphone and notebook design ecosystem. Emphasis on intellectual property and localization for global market competitiveness.
Apple set to launch new iPad Pro and iPad Air? Check date and details
Apple is gearing up to launch new iPad Pro and iPad Air models in May, following delays due to software updates and manufacturing challenges. The upcoming iPads will feature significant upgrades such as OLED displays, powerful M3 chips, MagSafe wireless charging, and new accessories like the Magic Keyboard and Apple Pencil. Apple is diversifying its supply chain for OLED displays, and the launch is expected to be announced via a press release on the Apple Newsroom website.
Tatas complete acquisition of Wistron's manufacturing facility in Karnataka
The Tata group has completed the acquisition of Taiwan's Wistron's manufacturing facility in Karnataka. Taiwan's Wistron joined native rival Foxconn in 2018 to start assembling iPhones in India, with a third Taiwanese manufacturer Pegatron joining in 2022.
Apple to sell Made-in-India iPhones on launch day for first time
It would also underscore India’s growing production prowess, and reflect a significant departure from Apple’s previous strategy of selling mostly Chinese-made new devices to frenzied customers across the world. The new iPhone 15 is expected to go on sale in the days or weeks after its unveiling, slated for 10 a.m. California time on Tuesday.
Global supply chain relocation: China’s loss is India, Vietnam’s gain
While China may be slowly losing its dominance as the world’s supply chain centre, India needs to boost its efforts to make the most out of the current situation.
Apple added 3 new suppliers in FY22 taking India tally to 14
Apple added Molex, Onsemi, and Shenzhen Erwin Precision Technology as suppliers in India, growing its number of suppliers to 14 companies from the previous financial year, the latest Apple Suppliers List revealed. The Apple Suppliers List for FY22 lists the top 200 suppliers of the company which represents 98% of its direct spend on materials, manufacturing, and assembly of its products worldwide.
Key Apple partners plan expansion in Southeast Asia in 2023
Major contract electronics makers started to significantly build up their manufacturing presence outside China during the Trump era, as the then-US president imposed stiff tariffs on some Chinese imports as part of his trade war with the country.
Apple supply chain data shows receding exposure to China as risks mount
With the world's biggest iPhone factory, operated in central China by Foxconn, battling production shortfalls and labour unrest spurred largely by Beijing's harsh virus containment policies, analysts expect the risks - and Apple's retreat - to accelerate.
Apple adds a new iPhone 14 supplier in India in shift from China
Apple's contract manufacturers in India - Foxconn, Wistron and Pegatron - are on an expansion phase, adding more assembly lines to their facilities to offset a slowdown in iPhone manufacturing in China ahead of the upcoming Chinese New Year amidst robust local demand.
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