Apple (AAPL) is preparing to manufacture nearly all iPhones sold in the US at Indian facilities by the end of 2026, the Financial Times reported Friday, citing unnamed sources familiar with the matter.
To meet the target, the company would scale up its Indian output to over 80 million units annually, doubling the previous year's total of about 40 million, multiple news outlets reported.
The effort is part of Apple's broader supply chain diversification strategy, moving more operations outside China after past disruptions and policy-related risks, the outlets added.
The transition reportedly gained urgency following COVID-related factory shutdowns in China and heightened trade tensions under US President Donald Trump.
Apple did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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