About 70% of all iPhones distributed worldwide are collected by Foxconn. The business does, however, intend to broaden its partnership with Apple.
Reuters reports that Foxconn has added $200 million to a factory being built in India. The company intends to build a new manufacturing line for AirPods rather than for the assembly of iPhones. Insider information claims that Apple pressured Foxconn to enlarge the factory.
The Taiwanese company’s senior executives, however, made little effort to resist. Foxconn’s top executives debated whether producing AirPods would be cost-effective for months before deciding that the new agreement would only improve their relationship with Apple, even though the revenue would be lower than that of the iPhone.
It is anticipated that the Indian company won’t be able to begin operations until the end of 2024.