Apple Chose India Over China — The $100 Billion iPhone Manufacturing Shift

Apple now manufactures iPhones worth $17 billion annually in India. Foxconn, Pegatron, and Wistron have all set up massive factories. India's smartphone exports grew from virtually $0 to $15 billion in 5 years. India offers what China cannot — a young workforce (median age 28 vs China's 40), a massive domestic market, and competitive costs.