LG Innotek delivered a stellar performance in the second quarter of 2024, with revenue hitting a quarterly record and operating profit soaring by 726.2% year-on-year. Analysts credit the enduring popularity of Apple’s iPhone 15 series for the company’s exceptional results, defying the typical seasonal slowdown.
Apple is expanding its manufacturing footprint in India. The company reportedly plans to produce the high-end iPhone 16 Pro and Pro Max models in the country. Apple also aims to increase its market share in India through price reductions and local production.