iPhone Maker Foxconn Pours $1.5 Billion Into India Manufacturing Efforts
Apple's primary iPhone manufacturer Foxconn has invested $1.5 billion into India, signaling a significant acceleration in Apple's efforts to shift iPhone production away from China, Bloomberg reports.
The investment was disclosed in a stock exchange filing by Foxconn, which has been actively expanding its manufacturing footprint in southern India in recent years. The company is also increasing its investment in the United States.
The move comes as Apple continues to diversify its production base away from China, which has long served as the cornerstone of its iPhone manufacturing. India has emerged as Apple's most critical alternative manufacturing hub.
Apple reportedly assembled $22 billion worth of iPhones in India during the 12 months ending in March 2025, a nearly 60% increase over the previous year. Foxconn, Tata Electronics, and Pegatron now operates facilities in India focused on iPhone manufacturing. Apple is apparently aiming to manufacture the majority of iPhones sold in the United States in India by the end of 2026.
Popular Stories
Bloomberg's Mark Gurman has high expectations for Apple's first foldable iPhone.
In his Power On newsletter today, he said the foldable iPhone will be "the most significant overhaul in the iPhone's history."
"iPhone 4, iPhone 6 and iPhone X were clearly a big deal, but this is a whole new design," he said.
Like Samsung's Galaxy Z Fold 7, the foldable iPhone will reportedly open up like ...
iOS 26.5 is now available for developers, and while it doesn't include any new Siri capabilities, there are some major changes for the European Union, and smaller tweaks for features available worldwide.
Suggested Places
In the Maps app, there's a new "Suggested Places" feature that recommends locations to visit based on trending places nearby and recent searches. When Apple launches ads in ...
Apple has been celebrating its upcoming 50th anniversary by hosting surprise performances and other events around the world over the past few weeks, and now Bloomberg's Mark Gurman has revealed details about the company's grand finale.
In a social media post, Gurman said Apple's celebrations will conclude this week with a finale at its Apple Park headquarters for employees.
A special...
Popular Stories
Apple is planning more Mac refreshes for the rest of the year, Bloomberg's Mark Gurman writes.
In the latest edition of his "Power On" newsletter, Gurman said that, following the introduction of the M5 MacBook Air, M5 Pro and M5 Max MacBook Pro, and MacBook Pro, Apple is preparing for further Mac refreshes to complete the 2026 lineup.
These include an upgraded Mac Studio, which Gurman...
Apple's upcoming 2026 iMac will be available in a refreshed selection of colors, Bloomberg's Mark Gurman reports.
In today's "Power On" newsletter, Gurman said that the next iMac will feature a new selection of colors. This could be the first true refresh of the device's color options in five years.
The iMac redesign introduced in 2021 uses a distinctive two-tone color design, where the...
Apple is planning to launch at least three new "Ultra"-class devices this year, according to Bloomberg's Mark Gurman.
Writing in this weekend's "Power On" newsletter, Gurman explained that while the low-end of Apple's product lineups are now well-served by the Apple Watch SE, iPad 11, and MacBook Neo, there is "a more significant shift underway" toward higher-end, "Ultra" devices. Apple is...
