Apple assembled $14 billion worth of iPhones in India in its last fiscal year, providing more evidence of the electronics giant’s rapid diversification of its supply chain beyond China. The company also hopes improved sales in the Indian market will help offset slumping demand for Apple products in China. (BLOOMBERG)
The U.S. and China are engaged in high-level talks over repatriating thousands of Chinese migrants caught trying to enter the U.S. illegally from Mexico. China does not accept its citizens deported from other countries, but a senior U.S. official hinted that “may be changing.” (NBC NEWS)