Bloomberg Intelligence
Apple Ramps Up India iPhones, Hot U.S CPI Reading
Apr 10, 2024
Anurag Rana discusses Apple's iPhone production in India. Frances Donald analyzes U.S CPI data. Shana Sissel shares market outlook. Jeffrey Cleveland talks about the U.S economy. Sally Bakewell discusses U.S banks' profit guidance.
41:48
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Quick takeaways
- Apple diversifies iPhone assembly to India, reducing China dependency.
- Chinese consumer preference for domestic brands challenges Apple's market share in China.
Deep dives
Effects of Apple Manufacturing in India on Supply Chain and Geopolitical Issues
Apple has started assembling iPhones in India, moving out of China to diversify its assembly locations. Despite this move, most iPhone parts are still made in China, reducing dependency on a single country but increasing geopolitical risks. Investors have varying opinions on the US-China relationship's impact on Apple's stock and sales. Manufacturing phones in India has not significantly impacted Apple's gross margins.
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