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Apple Commences Its iPhone 12 Assembly In India

By John F. Heerdink, Jr.

As per reports, Apple (AAPL) has begun with the assembly of the iPhone 12 in India. The Indian unit of Apple’s Taiwanese contract manufacturer Foxconn to assemble the device in its plant in southern Tamil Nadu state, as per sources.

“We are proud to be starting production of iPhone 12 in India for our local customers,” Apple said in a statement on Thursday, without naming the supplier making the smartphone.

Apple has been shifting some areas of production from China to other markets as it deals with the trade war between the U.S and China. Also, some iPad and MacBook assembly are also likely to shift to Vietnam from China, as reported. The company is also planning to begin the assembly of its iPad tablet to India, as per Reuters report.

Apple has bet big on India since it began iPhone assembly in the country in 2017 via another Taiwanese supplier, Wistron. Foxconn, Wistron, and a third supplier Pegatron have together committed roughly $900 million over five years to make iPhones in India.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Apple starts iPhone 12 assembly in India in Reuters)


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