Newest iPhone 14 Will be Produced by Apple in India

As a result of economic restrictions and geopolitical tensions that have disrupted supply chains for numerous industries, Apple Inc. said on Monday that it will manufacture its most recent iPhone 14 in India. This month, Apple announced its newest line-up of iPhones.

They will cost the same as last year’s versions but have better cameras, quicker processors, and longer-lasting batteries.

India is the second-largest smartphone market in the world after China, but Apple iPhone sales have found it difficult to win a significant market share versus less expensive devices from rivals.

The Cupertino, California-based company’s statement fits in with Prime Minister Narendra Modi’s push for local manufacturing, which has been a major objective for his administration since he took office in 2014.

The tech corporation placed a significant wager on India, where it initially started assembling its iPhone SE in 2017 and has subsequently done so for a number of other iPhone models. Apple launched its online store for India two years ago, but the corporation has reportedly put off plans for an Indian flagship store.

Foxconn, a significant iPhone manufacturer with operations on the outskirts of Chennai, a city in southern India, will distribute the most recent model.

According to a JP Morgan study cited by the Press Trust of India news agency, Apple is set to move roughly 5% of its iPhone 14 production to India starting later this year, increasing it to 25% by 2025.

By 2025, researchers predict that, compared to the current 5%, close to a quarter of all Apple products will be produced outside of China. According to the analysis, supply chain risks like the strict COVID-19 lockdowns observed in China are likely what will spur these relocation attempts, which will last for the next two to three years.

The majority of Apple Inc.’s smartphones and tablets are assembled by third parties with factories in China, but after multiple shutdowns to combat COVID-19 disrupted its global flow of products, the company began asking them to consider moving some production to Southeast Asia or other locations in 2020.

Although Apple hasn’t provided any information, news reports claim the corporation planned to establish assembly lines for wireless headphones and tablet computers in Vietnam.

Due to rising labour costs and other expenses, as well as the difficulty for foreign executives to visit China due to anti-COVID-19 travel restrictions, other businesses are maintaining or increasing manufacturing in China to serve the domestic market while moving export-oriented work to other nations.

Metaverse: How to Play the Next Big Theme in The Crypto World?

Taking the concept of virtual reality a few steps ahead, Metaverse is all up for bridging the declining gap between actual and virtual reality. The world couldn’t have anticipated such a revolutionary technology was in development for years that is set to change the view of the world.

So there are investors in crypto and selling the assets because they know it will grow. Everything that we observe will be done virtually but with a sense of actual physical reality. You may be in one corner of the world, but you will be able to feel the weather of a place 10000 miles apart.

Yes, that might sound a little dramatic, but Mark Zuckerberg made it crystal clear to all the disbelievers that Metaverse is much more than just a virtual reality world. It is basically an image that has been given a shape, sound, and look.

Reimagining the world

The prospects of communicating, interacting, and making lives easier are no longer a far-fetched dream which is why Metaverse remains in the headlines most of the time lately. Furthermore, social media platforms are acting as the catalyst for Metaverse, which is undeniably a great factor in its prominence.

The community formed by people on social media platforms allows a wide range of people who come from different backgrounds to share and highlight the pros & cons of disruptive technologies. Will explore this facet profoundly to help you gain an in-depth understanding of this highly debatable topic.

Metaverse will shorten the distance between individuals, corporates, etc., which will only drive more productivity.

What does JP Morgan have in store for its customers?

The gaming space has skyrocketed ever since the announcement of Metaverse was made in 2021, and there is no denying the fact that the future belongs to technological advancements. Most of the organisations operating today are well aware of the fact to embrace the technology before they are too late, and hence, investors remain on the lookout for such early adapters.

No country will ever be able to function without a national currency, and the same phenomenon is applicable in Metaverse as well. This paves the way for Metaverse tokens to take the front seat in this ecosystem. Such digital assets and tokens will run the Metaverse, and the play-to-earn gaming model is already trending.

Prominent brands like JP Morgan, which is currently the largest lender, have already made significant movements in Metaverse when it opened “Onyx Lounge.” 

Rise of Metaverse tokens

The blockchain-based network will run the future, and tokens like Decentraland are enabling the users to buy digital lands. Who would have thought of buying land in a digital world now, it is a concrete reality which can also be monetised. JP Morgan remains quite proactive in this space and recently released a prominent paper that addressed how emerging businesses can leverage the unfathomable opportunities that Metaverse has in store for them.

It also propelled the growth of Metaverse tokens, and everything that you do in your physical reality can be replicated in the digital avatar now. Users can play uninterrupted games while experiencing the live gaming environment.

Metaverse tokens enable such activities to be conducted seamlessly in this digital realm, and they continue to rise in popularity and significance with time.

Undeterred prevalence of Metaverse

Metaverse already has massive popularity, which can be attributed to its outlandish features and offerings. Making strong gains does not seem to be a difficult task for this disruptive technology as the pros surpass the cons on a larger magnitude.

Here are some of the prominent & well-established coins that are currently in the circulation of Metaverse. These are The Sandbox, Decentraland, Enjin Coin, Theta Network, Axie Infinity, etc. Such coins are being refined on a regular basis to provide the most seamless services to the users.

The recent developments in this space indicate a positive sign of growth, and financial services will soon become even more seamless.