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Apple shifts focus to India instead of China


Martin Young, senior emerging technology analyst at Oppenheimer & Co, said India could be a potential manufacturing hub for Apple (NASDAQ:AAPL), but that would take an extended period of time. According to CNBC, Apple is set to open its second retail store in Delhi, just two days after opening its first in Mumbai. Nitin Soni, senior director at Fitch Ratings, notes that Apple continues to have a strong presence in China thanks to its supply chain partners. However, the iPhone maker has become more interested in shifting product assembly from China to India over the past five years, due to increased trade tensions between the US and China. These restrictions forced Apple to cut production in China and impacted its profits.

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Forex Award | World Forex Award | Forex
Forex Award | World Forex Award | Forex
Forex Award | World Forex Award | Forex
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