Overview

• Foxconn has started iPhone 15 production at a plant in India weeks after China to reduce the gap between the two countries.
• Apple wants to diversify its supply chain due to geopolitical tensions between the US and China.
• Analysts predict iPhone 15 production cuts due to component shortages and concerns over slowing demand.
• Smartphone shipments globally are expected to hit a decade low in 2023, though Apple may gain market share.
• Carriers are likely to offer aggressive iPhone 15 promotions to attract high-value customers amid disappointing industry smartphone sales.