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Apple Supplier Is Said to Plan India Expansion in iPhone Push [Bloomberg Business News]

APPLE (AAPL)  More Company Research Source: Bloomberg Business News
Last apple earnings: 5/1 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
PDF By Saritha Rai Apple Inc. ’s primary iPhone assembler in India is scouting for about 100 acres of land in Bangalore to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron Corp. executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, asking not to be named because the matter is private. The Taiwanese manufacturer, which began making the iPhone SE in India this year, may use the facilities to supply other brands too, they said. Wistron did not immediately respond to requests for comment. Apple has been a minor player in India, the world’s fastest growing smartphone market, largely because its phones are more expensive than those of rivals such as Samsung Electronics Co. and Xiaomi Corp. Apple Chief Executive Officer Tim Cook made his first trip to the country last year, meeting Prime Mi [Read more]

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