12/6/2023, 11:58 AM (Source: TeleTrader)
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Apple supposedly prefers India-made batteries

Apple Inc. told suppliers it prefers India-produced batteries for its next generation of iPhones, the iPhone 16, the Financial Times reported on Wednesday, citing unidentified sources familiar with the situation.

Suppliers based in mainland China and on the island of Taiwan have been notified that Apple would like them to either set up new facilities in India or expand current production capacities, according to the insiders.

The company from California is "committed to growing and investing" in India, Apple CEO Tim Cook told the country's Prime Minister Narendra Modi earlier this year, which was followed by a $500 million investment announcement by Apple's key supplier Hon Hai Precision Industry Co. Ltd. (Foxconn).

Baha Breaking News (BBN) / MS