The best regulated crypto exchange
Find out why?
50 BTC prize pool!
Get your share!
I'm in

Apple starts shipping iPhones made in India to Europe

By Yana Berman

Apple’s iPhones produced in India by Wistron Corp local arm might soon enter the European market, The Economist wrote on Thursday, July 11, citing its sources.

Neil Shah, research director at Counterpoint Research, told The Economist that Apple has been exporting India-made smartphones to Europe for a few months already. He mentioned the iPhone 6s and iPhone 7 and stated they are being exported in quantities of under 100,000 units a month.

Other sources familiar with the matter reaffirmed that the export volumes were around 70-80% of the total capacity at Wistron Corp.

The tech giant first started producing iPhones in India back in 2016. The new move might be another step in making India an export hub for Apple amid the ongoing tensions between the U.S. and China.

Apple is reportedly considering to shift 15%-30% of its capacities out of China amid the trade war. The tech giant views South Asia and Mexico as possible destinations for its production facilities. 

Recently, Apple has set the cheapest price for its Mac at $1,099 by discontinuing the non-Retina MacBook Air.

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a contributor.
Subscribe to news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image