As total iPhone shipments decline in India, the Apple, decided to strengthen its presence there.
Σaccording to the site mactrast, Apple's plan is to start assembling iPhones at Foxconn's plant in Tamil Nadu, southern India. In addition, Foxconn will start building more flagship models, such as the iPhone X, at its Sriperumbudur plant.
Also, as Foxconn currently manufactures Xiaomi phones at the same plant, it plans to add a new $ 356 million product line that will create 25.000 new jobs. In addition to Foxconn, Wistron will be responsible for the production of the iPhone 8.
The source said that the production of iPhone in India will logically lead to a significant reduction in costs because Apple will be able to reduce much of the import tax and trade costs. Due to the reduced cost, even expensive iPhones will become more affordable in the local market and will attract more Indian customers. It is worth mentioning that the retail price of iPhone in India is the highest in the world. This applies to the absolute cost in US dollars as well as the relative cost that the price-to-income ratio considers.
So far, the Cupertino-based company only makes low-cost iPhones in India, such as the SE and 6S.
The Indian government approved and signed the plan. The minister said the Foxconn expansion and the Weston plant would be a major driver of the "Made in India" vision. As an economy, India will further benefit from the creation of many new high quality jobs.
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