India is starting to help Apple diversify its production away from China

Deepwater Asset Management’s Gene Munster and Brian Baker estimate that 40-45% of Apple’s overall revenue is manufactured in China and they expect that figure to decline to 25-30% in five years. They believe half of that decline will be the direct result of production moving to India.Gene Munster and Brian Baker for Deepwater Asset Managemnt:‎From the demand perspective, India is one of the important parts of Apple’s growth story for the balance of the decade. On the June e