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

Published

2 years ago

Farwa

Apple may make one out of four iPhones in India by 2025.
India is world’s second-biggest smartphone market after China.
Pandemic hampered supply chain relocation plans for businesses.

Apple 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.

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The PML-N Punjab chapter convenes today to discuss organizational issues.

Published

7 hours ago

Farwa

Former prime minister and leader of the Pakistan Muslim League-Nawaz (PML-N), Nawaz Sharif, has called a meeting of the PML-N Punjab chapter for today (Friday).

The conference was called by PML-N chief Nawaz Sharif, who reportedly gave the president of the party’s Punjab chapter, Rana Sanaullah, a call to call a meeting of the party’s provincial officials.

Nawaz Sharif is now visiting China.

According to sources, Nawaz Sharif’s leadership role and organizational issues inside the PML-N Punjab would be discussed at the meeting. The meeting’s agenda may also include discussions about the possible growth of the federal and Punjabi cabinets.

According to other sources, Nawaz Sharif gave Rana Sanaullah instructions to gather information on political and organizational positions in Punjab as well as to revitalize the party at the local level.

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Punjab Assembly session: Committee on wheat imports is formed by the speaker

Published

7 hours ago

Farwa

During the caretaker government, three members of a committee were appointed by Punjab Assembly Speaker Malik Muhammad Ahmad Khan to investigate the import of wheat.

Both sides of the wheat procurement controversy engaged in a fierce debate yesterday during the Punjab Assembly session.

A detailed examination into wheat imports during the caretaker government was required by the legislators, who sharply criticized the government’s wheat strategy.

According to the MPAs, the food minister did not develop any policies for obtaining wheat.

Regarding the wheat procurement problem, the opposition is probably going to hold a protest in the house today, Friday.

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Saad Rafiq: Ali Amin Gandapur’s threat to storm Islamabad is a major issue.

Published

7 hours ago

Farwa

Ali Amin Gandapur, the chief minister of Khyber Pakhtunkhwa, has threatened to storm Islamabad, according to Khawaja Saad Rafique, a former minister and leader of the Pakistan Muslim League-Nawaz (PML-N). This is a very serious situation.

Pakistan Tehreek-e-Insaf’s Khyber Pakhtunkhwa administration has reportedly launched attacks on the federal capital in the past in an attempt to seize Islamabad, according to Saad Rafiq on the social media platform X (previously Twitter).

“However, PTI got nothing and it resulted in creating chaos, hatred and economic destruction,” he continued.

He added, “If the anarchists attack Islamabad to occupy it this time too, it will become impossible for them to return as rulers.”

According to the leader of the PML-N, fascist behavior will no longer be accepted, and the dirty politics of violence, fire, and ransacking will no longer be effective.

The PTI, he said, has to act rationally and refrain from inciting another May 9.