Connect with us

Latest News

Apple may move a quarter of iPhone production to India by 2025

Published

on

  • Apple may make one out of four iPhones in India by 2025.
  • India is world’s second-biggest smartphone market after China.
  • Pandemic hampered supply chain relocation plans for businesses.

Apple may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country.

The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world’s second-biggest smartphone market after China.

It is also estimating about 25% of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5% currently.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government’s push for local manufacturing.

The pandemic hampered supply chain relocation plans for businesses, but with restrictions easing, more companies, including Apple, are reaccelerating these efforts this year.

“Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India. In the medium to long term, we also expect Apple to qualify local India manufacturing suppliers,” according to J.P.Morgan analysts led by Gokul Hariharan, who is rated 4 out of 5 for estimates accuracy.

Bloomberg report said earlier this month that Indian conglomerate Tata Group was in talks with Wistron to establish a joint venture to assemble iPhones in the country amid Apple’s plans to cut production lag with China.

Latest News

In the Toshakhana-2 case, IHC sends notices regarding Imran Khan and Bushra Bibi’s acquittal pleas.

Published

on

By

In response to the petitions for acquittal filed by Bushra Bibi and Imran Khan, the founders of the Pakistan Tehreek-e-Insaf (PTI), in the Toshakhana-II case, the Islamabad High Court on Thursday sent notifications to the Federal Investigation Agency (FIA) and other parties.

Hearing the applications was Justice Raja Inam Ameen Minhas of the IHC. The judge said that there is no legal precedent for halting criminal proceedings at this point when Salman Safdar, Imran Khan’s attorney, requested a stay order on the trial in the Toshakhana-2 case during the hearing.

The court would also hear the other party and send notices regarding the petition, Justice Minhas noted.

Since Justice Gul Hassan Aurangzeb had previously heard five petitions pertaining to this case, Safdar later also filed a motion to transfer the case to another bench, stating that it would be proper to send the acquittal petitions to him for additional hearing.

According to Justice Minhas, who dismissed his plea, the petitions considered by Justice Aurangzeb were bail requests. This was a different issue, he remarked, and he would consider the case. He gave the attorney instructions to argue the case’s merits.

The PTI lawyer later pleaded the high court to halt proceedings of the trial court. The judge replied that suspects had already been indicted, and witnesses were testifying.

He noted that it would not be appropriate to issue any such order at this stage, adding that he would issue notices and the case would not be adjourned for a long period.

The court then issued a notice to the FIA and adjourned the hearing until Jan 28.

Continue Reading

Latest News

Kashmir Education: PM Convenes Daanish School in Bhimber, Denounces Indian Atrocities

Published

on

By

In a strong condemnation of the Indian Army’s ongoing brutality and oppression in occupied Jammu and Kashmir, Prime Minister Shehbaz Sharif reaffirmed Pakistan’s unwavering political, moral, and diplomatic support for the Kashmiris until their right to self-determination, as guaranteed by pertinent UN resolutions, is realised.

Continue Reading

Latest News

Mohsin Naqvi Meets with Members of the United States Congress: Pakistan Hopes To Imprvoe Ties With Trump Administration: Naqvi

Published

on

By

Today in Washington, Federal Minister of the Interior Mohsin Naqvi met separately with members of Congress Rob Bresnahan and Joe Wilson.

He spent the meeting talking with them on issues of shared interest and bilateral collaboration in a variety of areas.

He also discussed the situation in Afghanistan and its long lasting impact on the region and the world.

He emphasized the need to enahnce mutual exchanges of trade and cultual delegations between the two countries and Pakistan is working to improve bilateral relations.

He said that the newly elected President Donald Trump speech is very encouraging in recent global situation, and he is a symbol of hope for the region.

The United States is one of Pakistan’s key strategic partners, according to Mohsin Naqvi. They also discussed about the problems face by the Pakistanis living abroad.

Continue Reading

Trending