Tim Cook and Apple Make a Move That Has The Potential to Anger China

Sep 29, 2022

Tim Cook and Apple Make a Move That Has The Potential to Anger China

Apple does not want to be shocked anymore. Like the rest of the multinationals, the iPhone producer has been hurt by the covid-19 outbreak, which has compounded supply chain problems.

The stringent restrictions and lockdowns enacted in China to stop the spread of the virus have disproportionately harmed several Western corporations' local suppliers. The zero-covid policy in China has been a nightmare for suppliers, who have been forced to temporarily stop parts of their operations or have their personnel work under unusual conditions, such as living on production sites.

This reliance on China has created several problems, which firms have been attempting to answer since the epidemic outbreak. The most pressing issue is supply chain diversity or attempting to have suppliers locally and in diverse parts of the world.

https://liquidity-provider.com/app/uploads/2022/09/unnamed-7.png

Additionally, India Will Produce the iPhone 14

Apple has just responded. The Cupertino, California-based company will now manufacture certain units of the latest iPhone, the iPhone 14, in India, a noteworthy first.

"The new iPhone 14 series contains game-changing new technology as well as critical safety features." "We're thrilled to be producing the iPhone 14 in India," Apple stated in a statement on Sept. 26, confirming rumors.

The iPhone 14 will be produced in India by Foxconn, Apple's long-time supplier with a plant on the outskirts of Chennai. These phones will be marketed locally in the next few days, as well as exported to other markets.

Apple has just responded. The Cupertino, California-based company will now manufacture certain units of the latest iPhone, the iPhone 14, in India, a noteworthy first.

"The new iPhone 14 series contains game-changing new technology as well as critical safety features." "We're thrilled to be producing the iPhone 14 in India," Apple stated in a statement on Sept. 26, confirming rumors.

The iPhone 14 will be produced in India by Foxconn, Apple's long-time supplier with a plant on the outskirts of Chennai. These phones will be marketed locally in the next few days, as well as exported to other markets. This decision enables Apple to fulfill two critical goals. Despite the fact that the majority of iPhone manufacture remains in China, the tech titan will diversify its supply chain.

The choice also enables Apple to fully establish itself in a burgeoning sector where its market share remains quite low. According to a Counterpunch Research analysis of smartphone shipments in the second quarter of 2022, Apple has just a 3.8% market share in the world's second smartphone market.

China's Xiaomi leads the Indian smartphone industry with a 19% market share, followed by South Korea's Samsung with a 19% market share as well. According to Counterpunch, smartphone shipments in India surpassed 37 million devices between April and June, a 9% rise year over year.

However, the market is down 5% year on year. According to the survey, Apple "remains the top-selling brand in the ultra-premium class," which includes phones costing at least $650 or 45,000 rupees. "Increasing 'Make in India' capabilities for both domestic and export consumption, offline push through repeated discounts, and customers' brand preference helped Apple maintain its premium sector lead."

"The launch of its own e-store, iPhone SE 2022, and incentives on other models will further push Apple's shipments in the next quarters," it added.

Apple launched the iPhone 14 in early September, with a starting price of 79,900 rupees (about $980) in India. Apple will be able to attract customers searching for the newest technologies by making its new products locally. The company will also benefit from local help when the Indian government is looking for any way to stimulate the IT industry.

According to a new report issued on September 21, JPMorgan analysts estimate that Apple will shift 25% of its whole iPhone assembly line to India by 2025 to diversify its supply chain. They also stated that by late 2022, 5% of iPhone 14 production would be relocated to India, with a major decision to be made three years later.

In addition to shifting 25% of iPhone production to India by 2025, JPMorgan analysts believe the business might shift 25% of other product lines, including AirPods, Mac, Apple Watch, and iPad, to the nation.

Subscribe Our Newsletter

Congress Must Clarify How The Infrastructure Bill Will Impact Cryptocurrency
Congress Must Clarify How The Infrastructure Bill Will Impact Cryptocurrency

President Joe Biden signed a $1 trillion infrastructure bill into law last week, which includes measures that will tax cryptocurrency exchanges and bring in $2.8 billion per year for the US government.

Crypto
4000 BTC Exits Fidelity Custody Wallet, Sparking Speculation

Nato

4000 BTC Flowed Out of Fidelity Custody Wallet: What Does it Mean? 

4000 BTC has just flowed out of the Fidelity Custody Wallet! What does this mean for the Fidelity Wallet and the broader crypto market?

Crypto
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Alexander

How Strong is The US Economy Today?
The state of the US economy has been a topic of much discussion and speculation in recent times. With rising gas prices, unaffordable housing, and high interest rates, many people assume that the economy is in a dire state.

discover
What are DeFi liquidity pools?

Liquidity Provider

What are DeFi liquidity pools?

Let's find out: what is a DeFi liquidity pool, why are liquidity pools important, how protected are funds in DeFi liquidity pools and more.

DeFi
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.