Apple (AAPL) significantly increased iPhone production in India by 53% year-over-year to 23.9 million units, reflecting a strategic push ahead of the iPhone 17 launch. India now contributes 16-17% of global iPhone production, projected to reach 25% by 2027, with rising premium adoption and financing offers driving iPhone revenues up 28% in Q1 2025.

While Apple’s core markets face softening growth, U.S. sales are hindered by longer replacement cycles and cautious spending. Despite this, Apple’s overall unit shipments increased by 13% in Q1, outpacing the broader smartphone market. Investors are eager to see if this production surge translates into real demand during earnings season.

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Read more at Yahoo Finance: Apple (AAPL) iPhone Production Soars as India Gains Prominence Amid Slowing U.S. Demand