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    2317   TW0002317005

HON HAI PRECISION INDUSTRY CO., LTD.

(2317)
  Report
End-of-day quote Taiwan Stock Exchange  -  2022-11-24
100.50 TWD   -0.50%
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Apple iPhone exports from India top $1 bln in 5 months - Bloomberg News

10/04/2022 | 04:02am EST

Oct 4 (Reuters) - Apple Inc's iPhone exports from India crossed $1 billion in five months since April, Bloomberg News reported on Tuesday, reflecting the tech giant's growing bet on the South Asian nation amid New Delhi's push for local manufacturing.

The outbound shipments of India-made iPhones, mainly to Europe and the Middle East, are set to reach $2.5 billion in the 12 months through March 2023, almost double when compared to the year through March 2022, the report said, citing sources.

Apple started making the iPhone 13 in India earlier this year, and the company

announced

last week its plans to manufacture the latest iPhone 14. The tech giant has been manufacturing iPhones in India from 2017.

The devices exported from India from April to August this year comprise iPhone 11, 12 and 13 models, Bloomberg said.

The report comes as Apple seeks to shift some areas of iPhone production from China to other markets

including India

, the second biggest smartphone market in the world, where it is also planning to assemble iPad tablets.

India and countries such as Mexico and Vietnam are increasingly turning important to contract manufacturers supplying to American brands as they seek to diversify production away from China, amid COVID-related lockdowns and simmering tensions between Washington and Beijing.

Apple did not immediately respond to Reuters's request for comment. (Reporting by Rhea Binoy in Bengaluru; Editing by Dhanya Ann Thoppil)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -1.96% 148.11 Delayed Quote.-14.92%
HON HAI PRECISION INDUSTRY CO., LTD. -0.50% 100.5 End-of-day quote.-3.37%
All news about HON HAI PRECISION INDUSTRY CO., LTD.
11/25Nasdaq falls and dollar rises on investor caution
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Analyst Recommendations on HON HAI PRECISION INDUSTRY CO., LTD.
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Financials
Sales 2022 6 543 B 211 B 211 B
Net income 2022 143 B 4 606 M 4 606 M
Net cash 2022 273 B 8 813 M 8 813 M
P/E ratio 2022 9,77x
Yield 2022 5,31%
Capitalization 1 393 B 45 017 M 45 017 M
EV / Sales 2022 0,17x
EV / Sales 2023 0,16x
Nbr of Employees 826 608
Free-Float 87,4%
Chart HON HAI PRECISION INDUSTRY CO., LTD.
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Hon Hai Precision Industry Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends HON HAI PRECISION INDUSTRY CO., LTD.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 16
Last Close Price 100,50 TWD
Average target price 132,38 TWD
Spread / Average Target 31,7%
EPS Revisions
Managers and Directors
Yang-wei Liu Chairman & Chief Executive Officer
Te Tsai Huang Head-Finance & Deputy Spokesman
Tsing Yuan Hwang Independent Director
Kuo Cheng Wang Independent Director
Kuo Chuan Kung Independent Director