Apple (NASDAQ: AAPL) will manufacture the iPhone 14 in India, Reuters stated on Monday. The report pointed out that this was a move by Apple to shift some of its manufacturing away from China.
The tech giant stated, “The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We’re excited to be manufacturing iPhone 14 in India.”
Reuters added that JP Morgan analysts said in a research note last week that Apple could manufacture one of every four iPhones in India by 2025.
Is Apple Stock Rated a Buy?
According to Wall Street analysts, Apple is definitely a Buy with a Strong Buy consensus rating based on 23 Buys, four Holds, and one Sell. The average price forecast for AAPL of $183.45 implies an upside potential of 21.9% at current levels.
