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Apple Inc (AAPL.O) said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China.
The company launched the flagship iPhone 14 at an event earlier this month, where it focused on safety upgrades rather than flashy new technical specifications, with the exception of a new adventure-focused watch.
J.P.Morgan analysts predict that Apple would shift roughly 5% of iPhone 14 production to India starting in late 2022. India is the second-largest smartphone market in the world, after China.
In a report published last week, JPM analysts predicted that by 2025, India may produce one out of every four iPhones.
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