Apple Stock News: Increase in iPhone Exports from India
Apple Stock News: According to MacRumors, in the five months since April, Apple’s iPhone exports from India have totaled $1 billion, as the nation advances in its effort to become a significant electronics manufacturing hub for Apple. By March 2023, shipments of iPhones built in India to Europe and the Middle East will total $2.5 billion, nearly tripling the $1.3 billion in iPhone exports that India made from April 2021 to March 2022. Additionally, Apple is requesting from its suppliers the first- ever relocation of some Air Pods and Beats headphone production to India. The fact that India is producing more iPhones shows the effectiveness of Prime Minister Narendra Modi’s local manufacturing policies and Apple’s willingness to invest in India as a counterbalance to China’s dominance in the electronics assembly industry and the disruptive geopolitical issues that go along with it. However, it would take eight years to relocate just 10% of Apple’s production capacity from China, where over 98% of iPhones are still produced.
Apple Reportedly Consents to a Price Increase for TSMC Chips.
According to MacRumors, the price of 8-inch chip wafers will climb by 6% starting on January 1, 2023, while the price of 12-inch wafers will rise by 3–5%. Apple has committed to cover the expense of these price increases. The global chip shortage has compelled the suppliers of TSMC’s fabrication materials to dramatically raise their pricing. By the end of 2022, it is anticipated that the foundry will start producing 3nm chips for Apple. The M2 Pro chip for Macs may be Apple’s first 3nm semiconductor, while the A17 Bionic chip in the iPhone 15 Pro models due out next year is also anticipated to be a 3nm chip, resulting in even more increased performance and battery efficiency in next Macs and iPhones even if it means charging more and maybe passing the expense along to customers.
Top Apple Products with Lightning Connectors Must Switch to USB-C by 2025 for EU Sales
According to MacRumors, on October 4th, the European Parliament decided to mandate the use of a standard charger for all smartphones and a variety of consumer electronics gadgets by the end of 2024, including new items introduced by Apple afterwards. The EU wants chargers for all phones to be compatible with one another. Most Android flagship phones have USB-C ports, which are now considered to be the industry standard by both manufacturers and consumers. Some of the most well-known Apple goods, including the iPhone, entry-level iPad, air Pods charging case, and some accessories, will have to switch to USB-C if fresh models are released in 2025 or later to be compliant with the new rule.
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