In April 2023, an article in the Economist discussed Apples plans to increase the number of iPhones
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In April 2023, an article in the Economist discussed Apple’s plans to increase the number of iPhones manufactured in India. According to the article, Apple “is scrambling to avoid having all its apples in one basket.”
a. What basket is the article referring to? Where had Apple has been concentrating most of its production of iPhones?
b. Why was Apple increasing its production of iPhones in India? In 2023, was India’s manufacturing sector, as a fraction of India’s GDP, larger relative to China’s manufacturing sector or smaller?
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a The basket referred to in the article likely represents China where Apple had been concentrating m...View the full answer
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