Apple's iPhone production in India surpasses $10 billion FOB, projects $15 billion market value: Report

Apple's iPhone production in India has surpassed $10 billion in terms of Free on Board (FOB) value and is projected to reach $15 billion in market value. This significant milestone reflects India's growing importance as a manufacturing hub for Apple. The expansion of iPhone production in India is part of Apple's broader strategy to diversify its manufacturing base and reduce dependence on China. This move is expected to boost India's electronics manufacturing sector and create new job opportunities.