Foxconn’s (HNHPF) plant in Tamil Nadu, India plans to deliver iPhone 15 (AAPL) units only weeks after they start shipping from factories in China, Bloomberg’s Sankalp Phartiyal reports, citing sources. Previously, Apple, on a multiyear project to diversify its manufacturing away from China, had only a small portion of its iPhone assembly in India, which lagged China output by six to nine months.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on HNHPF:
- Apple plans to test AI services using Foxconn servers, MacRumors reports
- Apple supplier Foxconn planning $500M component plants in India, Bloomberg says
- Apple supplier Foxconn plans two component plants in India, Bloomberg says
- BlackBerry selected by MIH to advance EV development efforts
- Apple seeks to keep iPhone shipments steady in 2023, Bloomberg reports