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Apple may move a quarter of iPhone production to India by 2025 -JPM

(Reuters) - Apple Inc (NASDAQ:AAPL) may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech giant moves some production away from...
Apple may move a quarter of iPhone production to India by 2025 -JPM © Reuters. FILE PHOTO: A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. REUTERS/Thomas Peter
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(Reuters) - Apple Inc (NASDAQ:AAPL) may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country.

The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world's second-biggest smartphone market after China.

It is also estimating about 25% of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5% currently.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government's push for local manufacturing.

The pandemic hampered supply chain relocation plans for businesses, but with restrictions easing, more companies, including Apple, are reaccelerating these efforts this year.

"Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India. In the medium to long term, we also expect Apple to qualify local India manufacturing suppliers," according to J.P.Morgan analysts led by Gokul Hariharan, who is rated 4 out of 5 for estimates accuracy.

A Bloomberg report said earlier this month that Indian conglomerate Tata Group was in talks with Wistron to establish a joint venture to assemble iPhones in the country amid Apple's plans to cut production lag with China. [nL1N30G096]

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BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
29-09-2022 20:30:10 (UTC+7)

EUR/USD

0.9734

0.0000 (0.00%)

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EUR/USD

0.9734

0.0000 (0.00%)

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GBP/USD

1.0964

+0.0076 (+0.70%)

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USD/JPY

144.57

+0.41 (+0.29%)

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AUD/USD

0.6488

-0.0034 (-0.52%)

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USD/CAD

1.3662

+0.0057 (+0.42%)

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140.73

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EUR/CHF

0.9536

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18.712

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82.31

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3,286.35

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3,719.04

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11,997.18

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FTSE 100

6,896.92

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17,165.87

-85.01 (-0.49%)

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1,715.24

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7,316.79

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47.76

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159.22

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5.822

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    EUR/USD 0.9734 ↑ Buy  
    GBP/USD 1.0964 ↑ Buy  
    USD/JPY 144.57 ↑ Sell  
    AUD/USD 0.6488 ↑ Buy  
    USD/CAD 1.3662 ↑ Sell  
    EUR/JPY 140.73 ↑ Buy  
    EUR/CHF 0.9536 Neutral  
    Gold 1,663.05 ↑ Buy  
    Silver 18.712 Neutral  
    Copper 3.3995 ↑ Sell  
    Crude Oil WTI 82.31 ↑ Sell  
    Brent Oil 88.17 ↑ Sell  
    Natural Gas 6.777 Buy  
    US Coffee C 225.38 ↑ Sell  
    Euro Stoxx 50 3,286.35 ↑ Sell  
    S&P 500 3,719.04 ↑ Sell  
    DAX 11,997.18 ↑ Sell  
    FTSE 100 6,896.92 ↑ Sell  
    Hang Seng 17,165.87 ↑ Buy  
    Small Cap 2000 1,715.24 ↑ Buy  
    IBEX 35 7,316.79 Sell  
    BASF 38.625 ↑ Buy  
    Bayer 47.76 Neutral  
    Allianz 159.22 ↑ Buy  
    Adidas 126.51 ↑ Sell  
    Lufthansa 5.822 ↑ Sell  
    Siemens AG 97.97 ↑ Buy  
    Deutsche Bank AG 7.530 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,450/ 6,550
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SJC HCM6,455/ 6,555
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SJC Hanoi6,455/ 6,557
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SJC Danang6,455/ 6,557
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SJC Nhatrang6,455/ 6,557
(35/ 35) # 1,798
SJC Cantho6,455/ 6,557
(35/ 35) # 1,798
Cập nhật 29-09-2022 20:30:12
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$1,655.31 -1.2 -0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V23.26023.720
RON 95-III22.58023.030
E5 RON 92-II21.78022.210
DO 0.05S22.53022.980
DO 0,001S-V24.51025.000
Dầu hỏa 2-K22.44022.880
ↂ Giá dầu thô thế giới
WTI $81.92 -0.6 -0.74%
Brent $88.03 -0.32 -0.37%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.640,0023.950,00
EUR22.377,5823.630,04
GBP25.019,9326.086,16
JPY160,11169,50
KRW14,3117,43
Cập nhật lúc 17:59:34 29/09/2022
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