Tata Electronics is making the most of Apple’s push in India amid a surge in high-end smartphone sales and geopolitical pressures.
Globally, 1 in 6 people have iPhones. This unprecedented success has pushed Apple’s annual revenues near the $400 billion mark. Not just that. It has also changed the fortunes of the companies that contribute to the American multinational’s global supply chain. The most well-known of them is electronics manufacturer Foxconn, which has grown to unprecedented heights from making plastic parts for TVs back in the 70s.
The next could be Tata Electronics. Last week, the electronics manufacturing arm of the Tata Group established in 2017, acquired a 60% stake in an iPhone plant run by Taiwan-based electronics manufacturer Pegatron in …
Maanav writes about businesses in the Middle East for The Morning Context. He studied journalism and international relations at St. Joseph’s in Bengaluru.
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