Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, September 24 (Xinhua)-- Apple plans to increase its output in India more than fivefold to $40 billion in the next five years, according to government officials quoted by local media. (CTOnews.com Note: currently about 292 billion yuan).

Apple was worth more than $7 billion in the country last fiscal year, with a target of $40 billion, the official said. Apple makes the iPhone in India and plans to start producing the AirPods next year. At the same time, the country hopes to expand its electronics industry to $300 billion by 2026.

The official said Apple currently has no plans to build the iPad or its laptops in India and is focusing on improving existing production levels.

Apple sold $191 billion worth of iPhone and $38.36 billion worth of wearable devices, homes and accessories worldwide in the fiscal year ended September 25, 2022. In the first nine months of the current fiscal year, the company's iPhone sales fell about 4% to $156.77 billion, while sales of wearables, homes and accessories also fell slightly to $30.52 billion. The company has become India's largest exporter of mobile phones.

Apple's new iPhone 15 series went on sale on Friday, offering the "made in India" iPhone on the same day that the company first began selling new phones in other parts of the world. According to market research firm Counterpoint Research, Apple led the ultra-high end market in the first quarter of 2023, with a 59 per cent market share, and India is now one of the company's top five markets.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.