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Apple exports $6 billion of iPhones from India in big shift away from China

  • Apple's iPhone exports from India reached nearly $6 billion, reflecting a one-third increase from the previous year, according to people familiar with the matter.
  • Annual exports are expected to exceed $10 billion for fiscal 2024, based on current trends.
  • The company is expanding manufacturing in India, benefiting from local subsidies and advances in technology to reduce reliance on China.
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Bloomberg broke the news in United States on Tuesday, October 29, 2024.
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