Apple India iPhone Output Soars to $7B

The transcript discusses Apple's strategy to diversify its supply chain beyond China due to geopolitical tensions and COVID-19 impacts. It highlights India's potential as a growth market for Apple, given its small current market share and the increasing affluence of the Indian middle class. The discussion also covers the challenges Apple faces in India, such as local regulations and the dominance of low-cost smartphones. The overall strategy is seen as a long-term project, with significant growth opportunities as the Indian market evolves.

What role do local regulations play in Apple's supply chain strategy in India?

Discuss the long-term trends that may affect Apple's market presence in India.