China dependence

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Apple Expands in India: iPhone Exports to Surpass $10 Billion This Year

Apple is rapidly expanding its manufacturing presence in India, with iPhone exports from the country rising by nearly a third in value over the past six months, reaching $6 billion. By the end of this fiscal year, India’s iPhone exports are projected to exceed $10 billion. This expansion supports Apple’s strategy to reduce reliance on China by leveraging India’s subsidies,…