Apple's biggest iPhone factory is swelling with new workers as Foxconn throws money at recruits to keep production on track for the iPhone 17.

Bengaluru strengthens its position in Apple's global manufacturing plans. Foxconn has commenced iPhone 17 production at its new Bengaluru facility. This unit represents Foxconn's second-largest operation outside China.

New recruits who stay at the factory for three months qualify for a bonus of up to US$1,113, a significant hike from early July.

A new report says that Apple will finally hit a long-held goal to reduce its dependence on China with the launch of the iPhone 17. Indian iPhone production has always lagged behind that of China, but all this is now changing – with import tariffs acting as an additional incentive …

Phone 17 series mass production has reportedly begun. Foxconn is luring more workers with bonuses to meet the demand.

BEIJING (Reuters) -Sales of foreign-branded phones, including Apple Inc's iPhone, declined 31.3% year-on-year in China in June, according to Reuters' calculations based on data released on Wednesday by a government-affiliated research firm.

Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year.

Apple has been facing a tougher time of it in China in recent months. Globally, the iPhone maker reported a 2% uptick in revenue in the final quarter of 2023, with sales rising to $119.6 billion.

Apple lost its crown as the biggest smartphone seller in China to rival Vivo, sliding to third place in the quarter, followed by Huawei, whose market share jumped to 15.5% from 9.3% a year earlier.

Morgan Stanley turns bullish on Apple, citing stronger iPhone demand in China, AI potential, and upside in future quarters.