🔍🕵️♂️📊 Analysts at Morgan Stanley have estimated that India will be the source of Apple's revenue and growth in the next five years. The reason behind Apple's investment in manufacturing in India is the country's economic growth, the company explained.
🔍🕵️♂️📊 Analysts at Morgan Stanley have estimated that India will be the source of Apple's revenue and growth in the next five years. The reason behind Apple's investment in manufacturing in India is the country's economic growth, the company explained. It also includes a new price hike target and India is said to play an important role in this as well. The new price target is also set to increase from $190 to $220. Morgan Stanley has chosen Apple as the top choice this time as well. India has contributed 2% of Apple's revenue growth over the past five years. But today it is 6 percent. Thus, according to Morgan Stanley analysts, India will account for 15 percent of Apple's revenue growth over the next five years. It also accounts for 20% of the company's projected growth. 🏙️✈️🍎 In May this year, Foxconn also bought a huge amount of land on the outskirts of Bangalore. This was stated in the information submitted by Foxconn to the London Stock Exchange. 🏢🚀📜 Foxconn has acquired 13 million square feet (about 300 acres) of land in Devanahalli, near Bangalore Airport. 🏢🛫🍎
