Apple to increase production over 5 times in India to $40bln – sources

iPhone maker Apple intends to increase its production in India by over five times to approximately $40 billion in the next four to five years, according to government sources.

Apple has crossed $7 billion in the last financial year, the official, who did not wish to be named, said. He added that the company manufactures iPhones in India and plans to start manufacturing AirPods next year.

The company globally sold iPhones worth $191 billion and products worth $38.36 billion in the wearable, home and accessories segment in the financial year ended on September 25, 2022.