Apple's strategic decision to diversify its manufacturing operations by initiating AirPods production in India marks a significant shift in its supply chain strategy. This move is part of Apple's broader efforts to reduce its reliance on China, a strategy that has gained momentum due to pandemic-related disruptions and geopolitical factors. The production shift, led by a unit of Foxconn Technology Group, is expected to ramp up quickly, aligning with Apple's expansion plans in India, which already include iPhone assembly and the opening of retail stores in major cities. Despite these positive developments, Apple's stock experienced a slight decline in after-market trading, reflecting investor caution.
The Direxion Daily AAPL Bear 1X Shares ETF (AAPD) saw a modest increase, rising 0.13% to $15.58 as of 5:00 PM on Friday, December 13.