Powered by: Motilal Oswal
30/01/2023 11:32:14 AM | Source: Reuters
Apple's India supplier Jabil making AirPods parts for export
News By Tags | #1066 #612 #3656
Apple's India supplier Jabil making AirPods parts for export

Apple-supplier Jabil Inc's India unit has begun making components for AirPods in the country and is shipping plastic bodies or enclosures for AirPods to China and Vietnam, Bloomberg News reported on Sunday, citing people familiar with the matter.

Apple Inc and Jabil did not immediately respond to a Reuters request for comment.

The move marks another step in Apple's plans to shift its manufacturing away from China amid rising trade and geopolitical tensions between Beijing and Washington.

The iPhone maker wants India to account for up to 25% of its production, from about 5%-7% now.

Apple has bet big on India since it began iPhone assembly in the country in 2017, in line with the Indian government's push for local manufacturing.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here