iPhone manufacturer Wistron declares bankruptcy, blaming Apple for preventing it from turning a profit.

Wistron, the first company to manufacture iPhones in India,

claiming that the company was unable to turn a profit due to Apple's difficult price negotiations

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The announcement coincides with the Cupertino company's ongoing shift of its iPhone

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Apple has long known that it needs to reduce its reliance on China as a manufacturing hub

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but the effects of the pandemic at the largest iPhone assembly plant in the world brought the issue into sharp relief.

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According to estimates, the COVID-19-related outage cost the business $1 billion each week.

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Apple's best chance of moving production outside of China is thought to be India.

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