​Apple Supercharges “Friend-Shoring” In India With $6 Billion iPhone Shipment  – Tyler Durden

Apple Supercharges “Friend-Shoring” In India With $6 Billion iPhone Shipment  Apple is in the early stages of a multi-decade transition away from reliance on Chinese factories, actively “friend-shoring” production capacity to Southeast Asian countries. The latest Bloomberg report highlights this major shift. People familiar with trade data say Apple exported $6 billion worth of made-in-India iPhones in the six months through September. That figure is expected to jump to $10 billion by the end of the year.   Here’s more from Bloomberg: Three of Apple’s suppliers — Taiwan’s Foxconn Technology Group and Pegatron Corp., and homegrown Tata Electronics — assemble iPhones in…  — Continue at ZeroHedge News : Read More