apple inc. AAPL added a new one iPhone 14 Manufacturers in India as the company intends to move its manufacturing base outside China because Xi Jinping‘s strict COVID-19 guidelines.
What happened: Apple’s Taiwanese contract manufacturer Pegatron Corp started assembling the new one iPhone 14 series in IndiaBloomberg News reportedciting people familiar with the matter.
Apple didn’t respond immediately gasoline gas Request for comments.
The development comes days later Chaos broke out at the Foxconn factory in Zhengzhou after many of the approximately 200,000 workers fled the manufacturing facility over narrower COVID-19 curbs to curb the spread of the virus inside the plant.
Although Foxconn said the situation is under control and would coordinate backup production with other plants to reduce potential impact, reports say iPhones November shipments from one of its oldest and largest suppliers are expected to fall by 30%.
Foxconn had already started production the iPhone 14 in India in September.
Major Apple analyst Ming Chi Kuowho predicted this earlier India would ship the new iPhone 14 almost “at the same time” as Chinasaid in September that the line’s mass production schedule in the country still lags behind China by about six weeks.
Kuo also said the “next The iPhone 15 is manufactured simultaneously in India and China.”
price action: Apple closed Thursday’s session down 4.24% at $138.88 Benzinga Pro data.
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