Apple to Rev Up Production in India, Vietnam – TechCrunch


Apple is continuing to cut its reliance on China and will move 5% of its global iPhone 14 production to India late this year, and expand its manufacturing capacity there to produce a quarter of all iPhones by 2025, according to a report by TechCrunch, which cited a note by JP Morgan analysts on Wednesday.

Meanwhile, Vietnam will contribute 20% of all iPad and Apple Watch production, as well as 5% of MacBooks and 65% of AirPods by 2025, the analysts were quoted as saying in the report, which added that Samsung has also identified India as a key manufacturing hub because of its ample manpower and competitive costs, while Google plans to move production of some Pixel smartphones to India.

Read the full report: TechCrunch.



Asian Currencies Sink as Dollar Soars, More Rate Hikes Loom


Asia Stocks Slide as Fed’s Gloomy Outlook Darkens Mood


Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

Recent Posts

Asia Stocks Slip But Hang Seng Surges on Covid Curbs Hopes

Hong Kong’s benchmark index was boosted by news its government was poised to roll back…

8 mins ago

China Buys Russian Oil at Deepest Discount in Months

The effective prices refiners pay could exceed the $60 per-barrel cap that came into effect…

1 hour ago

EV Maker Vietnam’s First Company to List in US

If successful, VinFast will be Vietnam's first company to list in the United States

1 hour ago

Plunging Trade Risks China’s Status as the ‘World’s Factory’

China's uncompromising Covid policies, poor domestic demand and a real estate sector crash all combined…

19 hours ago

China Debt Ratio Three Times GDP in Record High – Nikkei

With private businesses reluctant to spend, local government and state-owned banks stepped into the gap…

19 hours ago

US Eases Planned Curbs Against China Chips Over Cost Fears

The move followed pushback from trade groups like the US Chamber of Commerce which argued…

22 hours ago