Apple's Supplier Foxconn to Begin AirPods Production in India

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Dec 14, 2024
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Apple's supplier, Foxconn Technology Group, is set to begin full-scale production of AirPods in a new factory near Hyderabad, Telangana, India, by the first quarter of next year. The factory has already started trial production.

India is becoming a key hub in Apple's manufacturing network, supported by Prime Minister Narendra Modi's policies, a skilled workforce, and advancing technology capabilities. As global geopolitical dynamics shift, Apple is accelerating its manufacturing investments in India.

Apple is the world's largest true wireless stereo device maker, shipping 16.8 million units in the second quarter, capturing a 22% market share. Notably, Apple's iPhone exports from India surged by one-third to nearly $6 billion in the last six months.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.