Saturday, August 2, 2025

Latest

Apple Plans to Move 20% of Production from China to India in Response to Coronavirus Chaos

As the coronavirus pandemic continues to wreak havoc around the world, several large companies are contemplating moving their production out of China. The tech giant Apple recently had its executives begin plans with Indian government officials regarding the company’s search for production alternatives.

If the plan does materialize, it will see Apple move approximately 20% of its production capacity to India, thus becoming the country’s largest exporter. In fact, Apple is currently projecting to generate $40 billion worth of export revenue over the next five years, putting it in a favorable position for Indian manufacturing.

Currently, India has put in place a Production Incentive Scheme, which is meant to incentivize both domestic and international mobile phone manufacturers to either remain in India, or relocate production into the country. As per terms of the incentive scheme, a company is required to manufacture a minimum of $10 billion worth of mobile phones in a duration of five years in order to be eligible for benefits.

If Apple does successfully move smartphone production to India, it could potentially contribute to the country’s economic well-being. Last year, Donald Trump graduated India from developing country status to developed country status, thus stripping it from receiving special and differential treatment provisions as outlined by the World Trade Organization. However, India still suffers with very low GDP per capita levels, with over 364 million people living in some form of poverty. The relocation of Apple’s smartphone manufacturing to India could potentially help decrease income inequality, and finally align the country with Donald Trump’s arrogant developed country declaration.

Information for this briefing was found via MacRumors and ET Now. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

AngloGold Buys Another Gold Junior! Augusta Gold Acquired For $197 Million

Another Gold Deal! Aris Mining Sells Assets To McFarlane

Royal Gold Goes Big | $3.5 Billion Sandstorm Acquisition

Recommended

Tsunami Warnings Spread As Largest Quake Since 2011 Hits Russia

Northern Superior Intersects 1.75 g/t Gold Over 65.0 Metres At Philibert

Related News

1 in 3 Americans Have Experienced Financial Disruptions Amid Pandemic

Gallup recently released the results of data gathered between April 13 and 19 regarding the...

Wednesday, April 29, 2020, 04:28:00 PM

CloudMD’s Livecare Added To Approved Vendor Lists For Leading Government Associations

CloudMD Software & Services (CSE: DOC) this morning updated the market on the significant growth...

Thursday, April 30, 2020, 09:00:17 AM

Apple: Analysts Anticipate Q4 Revenues Of $84.85 Billion

Apple (NASDAQ: AAPL) will be reporting its fourth quarter financial results on October 27th after...

Tuesday, October 26, 2021, 05:25:00 PM

Apple: Consensus Estimates For Q2 2021

Apple (NASDAQ: AAPL) will be reporting their fiscal second quarter on April 28th after market...

Wednesday, April 28, 2021, 11:44:00 AM

State Unemployment Benefits System Outsmarted by Foreign Scammers, Unemployed Americans

When the coronavirus suddenly impaired almost the entirety of the US economy, Congress had to...

Tuesday, June 2, 2020, 04:14:00 PM