China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs. As Apple CEO Tim Cook spoke of plans to expand manufacturing operations in India, China apprehends that it could lead to possible exodus of Apple production chain and loss of tens of thousands of jobs, Chinese state-run media said. However, a see-saw battle between China and India over the technology giant is not the only solution, it said. In fact, before Cook's words, some major Apple suppliers such as Foxconn had already announced plans to expand their business in India," the report said. "Cook shared Apple Inc's future plans for India.

Source: dna May 23, 2016 07:48 UTC