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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Real-time Estimate Cboe BZX  -  08:15 2022-12-06 am EST
146.79 USD   +0.11%
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Apple says it will manufacture iPhone 14 in India

09/26/2022 | 01:31am EST

NEW DELHI, Sept 26 (Reuters) - Apple Inc said on Monday it will manufacture its latest iPhone 14 in India, as the tech giant moves some of its production away from China.

The company launched the flagship iPhone 14 at an event earlier this month, where it focused on safety upgrades rather than flashy new technical specifications, with the exception of a new adventure-focused watch.

"The new iPhone 14 lineup introduces groundbreaking new technologies and important safety capabilities. We're excited to be manufacturing iPhone 14 in India," Apple said in a statement.

Analysts at J.P.Morgan expect Apple to move about 5% of iPhone 14 production from late 2022 to India, which is the world's second-biggest smartphone market after China.

Apple could make one out of four iPhones in India by 2025, JPM analysts said in a note last week. (Reporting by Sneha Bhowmik in Bengaluru; Writing by Tanvi Mehta; Editing by Muralikumar Anantharaman)


ę Reuters 2022
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2023 407 B - -
Net income 2023 98 135 M - -
Net cash 2023 60 983 M - -
P/E ratio 2023 23,5x
Yield 2023 0,66%
Capitalization 2 351 B 2 351 B -
EV / Sales 2023 5,63x
EV / Sales 2024 5,30x
Nbr of Employees 164 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 45
Last Close Price 146,63 $
Average target price 174,33 $
Spread / Average Target 18,9%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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