financetom
Technology
financetom
/
Technology
/
Apple begins to export India-made iphones to European markets, says report
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Apple begins to export India-made iphones to European markets, says report
Jul 10, 2019 11:13 PM

Tech major Apple has begun to export iPhones to some European markets from India, reported The Economic Times on Thursday, adding that the step further boosts the Modi government's Make in India initiative while pushing the company’s efforts to make the country an export hub.

Apple's contract manufacturer Wistron Corp's India arm, which began to assemble iPhones in the country back in 2016, is the first of the tech giant's contract makers to export iPhones, from its Bengaluru facility.

“iPhone 6s and iPhone 7 are being exported in quantities of under 100,000 units a month,” Neil Shah, research director at Counterpoint Research, told ET, citing export data that the firm tracks. He added that the exports started a few months ago to European markets.

Two other senior executives in the industry, as mentioned in the report, said that the export volumes were 70-80 percent of the total capacity at the facility.

When contacted, the paper did not receive any response from Apple and Wistron Corp.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Decoding ON Semiconductor's Options Activity: What's the Big Picture?
Decoding ON Semiconductor's Options Activity: What's the Big Picture?
Nov 3, 2024
Investors with a lot of money to spend have taken a bearish stance on ON Semiconductor . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with...
11 Analysts Have This To Say About PagerDuty
11 Analysts Have This To Say About PagerDuty
Nov 3, 2024
11 analysts have shared their evaluations of PagerDuty ( PD ) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings...
Market Whales and Their Recent Bets on AMAT Options
Market Whales and Their Recent Bets on AMAT Options
Nov 3, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on Applied Mat. Looking at options history for Applied Mat we detected 13 trades. If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 23% with bearish. From the overall spotted trades,...
Rambus's Earnings: A Preview
Rambus's Earnings: A Preview
Nov 3, 2024
Rambus ( RMBS ) is gearing up to announce its quarterly earnings on Monday, 2024-10-28. Here's a quick overview of what investors should know before the release. Analysts are estimating that Rambus ( RMBS ) will report an earnings per share (EPS) of $0.51. Investors in Rambus ( RMBS ) are eagerly awaiting the company's announcement, hoping for news of...
Copyright 2023-2025 - www.financetom.com All Rights Reserved