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Despite opposition from US President Donald Trump, Foxconn is pressing ahead with its $1.5 billion investment plan to construct a factory in India, further expanding Apple's supply chain. Apple has also announced plans to open a third retail store in Bangalore, India, under a 10-year lease agreement with an annual rent of 209 million rupees, inclusive of revenue sharing terms. CEO Tim Cook revealed that by the June quarter of this year, the majority of iPhones sold in the US market are expected to be manufactured in India, while Vietnam will emerge as the primary source for nearly all iPads, Macs, and other products sold in the US. However, China will continue to serve as the production hub for the vast majority of Apple's products in the global market.
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