Apple Inc. is set to shift production of the iPhone 16 series from China to India, citing skilled labor as a key factor. This move follows CEO Tim Cook’s viral video, in which he debunks the myth that companies manufacture in China due to low labor costs. The video has gained support from Elon Musk, further fueling the conversation.

Why Apple is Moving to India

Tim Cook’s statement highlighted that China is no longer the go-to country for cheap labor, but rather for its skilled workforce. However, Apple is now turning to India, a country that has seen rapid growth in its technical expertise. This move is expected to lower production costs by as much as 10%, potentially reducing iPhone 16 prices.

Elon Musk’s Support for Tim Cook’s Statements

Elon Musk, owner of X (formerly Twitter), echoed Cook’s remarks, stating that advanced manufacturing infrastructure is the real advantage of China. But India’s rise in the tech sector makes it an appealing alternative for Apple’s future manufacturing needs.

The Impact on iPhone Prices

With production moving to India, reports suggest that iPhone 16 prices could drop by 10%. This is especially significant for cost-sensitive markets where Apple’s premium pricing has been a challenge.