Luxshare, a Chinese tech manufacturing company, is about to set up a production unit in India and the leading US firm Apple will help Luxshare throughout this process. Recently, Luxshare Airpod supplier firm became the iPhone assembler. The new iPhone 16(pro max) will be a combined project with Luxshare this time and not with Foxconn.
Analyst Ming Chi Kuo, an analyst from TF International Securities Group, has made a statement saying, "Luxshare will benefit by growing the Indian market and increasing the strong supply chain in India." But many investors feel that looking at geopolitical situations in the world and the India-China relationship, it will be difficult for Luxshare in future.
iPhone 16 will be 3 companies contact, 16 pro max with Luxshare, 16 pro with Foxconn and 16 plus with Pegatron, but major hold will be in Luxshare's hands. Thus, Apple is providing major support to Luxshare for establishing a production unit in India.
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