TELETRADER News
12/5/2022, 6:57 PM
(Source: TeleTrader)
Apple-0.64%
Apple might move some iPad manufacturing to India - report
Apple Inc. is considering relocating some of its iPad production away from China to India in order to diversify its supply chains that were impaired by COVID-19 lockdowns across China prompted by Beijing's strict zero-COVID policy.
According to a report published by CNBC on Monday, the deteriorating relations between the United States and China also contributed to the tech giant's decision. While Apple already makes iPhones in India, the largest barrier remains the lack of expertise at its manufacturing sites.
The Wall Street Journal also reported the company's rumored plans over the weekend.