Apple had to do business in China, there was a loss of 61,000 crores

SAN FRANCISCO, INS. The lockdown period is going on in China due to Kovid-19. In such a situation, American tech company Apple has suffered a lot. According to the data, during April to June, the company has estimated a loss of $ 8 billion (Rs 61,000 crore). Let us tell you that Shanghai, one of the largest cities of China, has been under lockdown for the last 2 months. Also, the Covid ban continues in many other big cities of China. In such a situation, there is a decrease in the demand for Apple products.

There is a decrease in demand

Apple CEO Tim Kum has estimated that the company could lose $ 4 to 8 billion due to the lockdown in China. There is a decrease in customer demand due to the Covid-19 restrictions. According to the report, more than 200 main supplier facilities of Apple are present all around Shanghai. About 31 companies have production facilities in Shanghai, which oversee the supply of Apple. Apple is facing industry-wide silicon shortage for iPhone manufacturing. The effect of which is also visible in this quarter.

Apple production increased in India
The Government of India has been trying for a long time to reduce its dependence on Apple China. Under this plan, Apple is paying what is in manufacturing in India. Apple has recently started manufacturing the iPhone 12. Whereas recently the manufacturing of iPhone 13 has started. In such a situation, compared to the last one year, Apple’s manufacturing in India has seen a jump of 50 percent.Explain that the central government wants to make India a smartphone manufacturing hub. For this, the PLI scheme has been started by the Central Government for the manufacture of smartphones at the domestic level.