Apple began assembling some of its devices in India and Vietnam a few years ago, slowly cutting its reliance on China. The Cupertino-giant is now gearing up to make the two nations key global manufacturing hubs, according to analysts at JP Morgan.
In a report they sent to clients Wednesday, JP Morgan analysts said Apple will move 5% of global iPhone 14 production to India by late 2022, and expand its manufacturing capacity in the country to produce 25% of all iPhones by 2025.
Vietnam, on the other hand, will contribute 20% of all iPad and Apple Watch productions, 5% of MacBook and 65% of AirPods by 2025, the …
