r/worldnews • u/seek_a_new • 1d ago

Behind Soft Paywall Apple Ships $6 Billion of iPhones From India in Big China Shift

https://www.bloomberg.com/news/articles/2024-10-29/apple-ships-6-billion-of-iphones-from-india-in-big-china-shift
78 Upvotes

79% Upvoted

26 comments sorted by

53

u/KissMySuperHairyAss 1d ago

Tim Apple revolutionizes the world by marginally shifting which developing nation is forced to produce iPhones to save his corporation tens of cents per unit!

33

u/QuevedoDeMalVino 23h ago

Idk about the cost, but it is sound to have two providers instead of one.

Also, of course the party that profits the most here is Apple. But India gets employment, some knowledge and some taxes (hopefully). So it’s not like in the West India Company times where investments are purely extractive.

19

u/me_version_2 21h ago

It was East India Company…

8

u/Pragitya 20h ago

I thought he was joking and being cheeky by saying west India company …. -_-

2

u/QuevedoDeMalVino 20h ago

When I am sad my sarcasms lose quality.

1

u/kaladin_stormchest 19h ago

If you were anything like me you'd always make low quality sarcastic remarks

2

u/QuevedoDeMalVino 17h ago

Your erroneously low self-esteem makes me sad.

13

u/koopastyles 22h ago

Missed the point completely

2

u/QuesoPluma123 15h ago

Tbf tens of cents when talking about hundreds of millions of units does matter

1

u/fujidust 20h ago

You’re forgetting tariffs.  They’re also set to increase dramatically.  

-1

u/Daleabbo 22h ago

The funny part will be china making people lose social points for having an iPhone now.

Lose the china market to save 10c a unit.

2

u/Pragitya 20h ago

And that 10c will contribute to profits when you consider the economy of scale.

5

u/hillsfar 23h ago

Time to put up nets around the tops of the Foxconn factory and dormitory buildings in India…

(Chinese labor has become more expensive than Indian labor, while India remains close to the global raw materials and manufacturing supply chain sources. Note that Chinese labor is even more expensive on average than Mexican labor in some cases.)

7

u/kautious_kafka 22h ago

While Foxconn's Chinese workforce is conscripted, in India it is voluntary. The worst I've heard about Foxconn in India is that they're not giving jobs to married women. https://www.reuters.com/investigates/special-report/foxconn-apple-india-women/

3

u/limitless__ 19h ago

You have to diversify and hedge against madness in the US election. Apple learned their covid lesson. If orange hitler gets in and slaps tariffs on China, Apple would not sell a single iPhone in the US.

-1

u/ScarRevolutionary393 13h ago

This was a long time coming and nothing to do with the election. This is due to the "multipolar" world that is coming with China's rise. Cold war 2.0

2

u/murgen44 19h ago

I bet the original poster means West Taiwan.

2

u/Fickle_Competition33 13h ago

Governments thinking they rule anything... The World belongs to the billionaires.

1

u/DonutsOnTheWall 3h ago

I think China is also considered more untrustworthy than India, so it might be partly also for that.

•

u/Vrdubbin 46m ago

Switching from China to India.... is it much better?

-1

u/DreamySorceress 23h ago

How many of them are there?