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Apple may move a quarter of iPhone production to India by 2025

Published

2 years ago

Farwa

Apple may make one out of four iPhones in India by 2025.
India is world’s second-biggest smartphone market after China.
Pandemic hampered supply chain relocation plans for businesses.

Apple may make one out of four iPhones in India by 2025, J.P.Morgan analysts said on Wednesday, as the tech giant moves some production away from China, amid mounting geopolitical tensions and strict COVID-19 lockdowns in the country.

The brokerage expects Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world’s second-biggest smartphone market after China.

It is also estimating about 25% of all Apple products, including Mac, iPad, Apple Watch and AirPods, to be manufactured outside China by 2025 from 5% currently.

Cupertino, California-headquartered Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron and later with Foxconn, in line with the Indian government’s push for local manufacturing.

The pandemic hampered supply chain relocation plans for businesses, but with restrictions easing, more companies, including Apple, are reaccelerating these efforts this year.

“Taiwanese vendors such as Hon Hai and Pegatron play a key role in the relocation to India. In the medium to long term, we also expect Apple to qualify local India manufacturing suppliers,” according to J.P.Morgan analysts led by Gokul Hariharan, who is rated 4 out of 5 for estimates accuracy.

A Bloomberg report said earlier this month that Indian conglomerate Tata Group was in talks with Wistron to establish a joint venture to assemble iPhones in the country amid Apple’s plans to cut production lag with China.

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ANF Operation: Police Apprehend 1883 Dealers and Seize 1049 Mt of Drugs

Published

3 days ago

Farwa

The Pakistani government along with the military leadership have initiated a strict campaign against drug dealers in an attempt to tackle drug addiction.

1,883 drug dealers have been detained and 1,049.78 metric tonnes of drugs have been recovered by authorities since the start of operations in September 2023.

There were 3.66 metric tonnes of heroin and 47.84 metric tonnes of hashish found among the narcotics confiscated. In addition, 985.20 metric tonnes of various drugs, 9.25 metric tonnes of opium, and 3.83 metric tonnes of meth were seized.

The following drug loads were apprehended by security authorities between September 1 and September 10: 278 kg in Balochistan, 23.63 kg in Khyber Pakhtunkhwa, 11.14 kg in Gilgit-Baltistan, 226.31 kg in Punjab, and 27.73 kg in Sindh.

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Musadik Malik: 10 Fertiliser Plants Receiving Gas at Different Prices

Published

3 days ago

Farwa

According to federal minister of petroleum Musadiq Malik, there are ten fertiliser factories in the nation, and the cost of petrol varies depending on the plant.
In response to a query in the Senate, the Minister of Petroleum stated that indigenous gas supplies to these plants do not involve any subsidies.
Additionally, the Minister stated that two of the nation’s plants run on subsidised LNG, with the difference being cross-subsidized to recover costs from RLNG users.
The suspension of Pakistan Tehreek-e-Insaf member Falak Naz Chitrali from the parliament was demanded by members of the Balochistan Awami Party and the treasury benches later in the Senate session.
It was asked by both parties that the PTI Senator be suspended for a full two working days.
Senate Deputy Chairman Seydaal Khan Nasir adjourned the meeting, setting a new date for Saturday.

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Interior Minister Applauds CTD For Conducting Operation Against Terrorists: Terror Bid Foiled In DG Khan

Published

3 days ago

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Interior Minister Mohsin Naqvi praised Punjab’s Counter Terrorism Department for foiling a terrorist plot and taking down Fitna-ul-Khawarij militants in Dera Ghazi Khan.

Fitna-ul-Khawarij’s two terrorists were sent to hell, according to a statement made by the Interior Minister of CTD Punjab.

CTD Punjab, according to Mohsin Naqvi, is spearheading the fight against terrorism.