apple iphone manufacturing

Apple’s increased focus on India could result in the addition of about 120,000 new jobs in FY24, including 40,000 direct and 80,000 indirect roles concentrated on the manufacturing side with retail contributing smaller numbers, staffing firms said.By FY26, this is expected to rise to at least 300,000 new positions with a third of them direct employees and another 200,000 indirect jobs.“We are already seeing increased demands (by Apple’s contractors in India) on the manufacturing side. With the additional plants, factories…

“Judging by handset availability in stores, I see a downward revision happening," Murata President Norio Nakajima said in an interview. “I hope that it won’t be too deep." Apple has trimmed iPhone output on softening demand and may slash production further, Bloomberg reported last month. Nakajima’s comments add to the evidence of slowing spending by consumers hit by rising interest rates, elevated inflation and sputtering economic growth. Apple…