Hellow guys, Welcome to my website, and you are watching Why Apple Is Betting Big On Making iPhones In India. and this vIdeo is uploaded by CNBC at 2023-07-07T09:00:10-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Why Apple Is Betting Big On Making iPhones In India |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 07-07-2023 16:00:10 |
| Video Discription | It took seven years for Tim Cook to visit India again after traveling to the fast-growing country in 2016. Last April, the Apple CEO visited New Delhi and Mumbai to open two flagship stores, one in each city. "Apple CEO Tim Cook actually traveled to India earlier this year to be in attendance for the opening of those two stores out in India, largely because of the massive opportunity that he sees out in India," said Angelo Zino, a senior analyst at CFRA Research. "In many respects, we are believers that India is going to represent a similar opportunity to China, and they also kind of represent very similar markets in nature." Apple has been manufacturing older models of iPhones in India since 2017. In 2022, Apple began making the iPhone 14 in India, which was seen as a big shift in its manufacturing strategy. That year, about 3.5% of the world's iPhones were made in India. Apple eventually wants to manufacture 25% of the world's iPhones there. "The major factor behind Apple's decision to diversify their production was they saw the impact of some of these disruptions in China that had to do with their Covid zero policy and a recognition of how vulnerable they were if they didn't have kind of a broader supply base, " said Willy Shih, Professor of Management Practice at Harvard Business School. "Without that broader supply base, they had production shortfalls which impacted their sales, which they might not have suffered as much had they had multiple sources." Moving more iPhone manufacturing from China to India sounds like a good idea on paper. In the real world, it's plagued with serious challenges — finding talent, building out infrastructure and navigating a patchwork of regulations. Apple declined to CNBC's request for comment. Watch the video above to find out why Apple is betting on India and the challenges it faces as it slowly shifts its manufacturing base from China to India. Chapters: 00:00 — Introduction 01:22 — The iPhone economy 02:30 — Apple’s shift from China to India 05:40 — The Indian smartphone market 07:25 — What’s next? Produced and Edited by: Anuz Thapa Animation: Midnight Snacks Supervising Producer: Jeff Morganteen Additional Footage: Getty Images, Apple, Narendra Modi » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #cnbc Why Apple Is Betting Big On Making iPhones In India |
| Category | News & Politics |
| Tags | CNBC | CNBC original | business | business news | finance | financial news | news | money | stocks | economy | Apple | Tim Cook | India | China | Elon Musk | tech | technology | tech news | manufacturing | iPhone | iPhone manufacturing | Apple stock | U.S. economy | global economy | international | international business |
