Friday, 15 February, 2019

Apple's High-End iPhones Will Be Produced in India

More Android users are buying iPhone this year Posted More Android users are buying iPhone this year Posted
Sherri Watson | 31 December, 2018, 14:27

The iPhone XR - this year's cheapest model despite being priced at a stiff $749 - accounted for 32 percent of the iPhone market during its first month in stores, according to a study released Wednesday by Consumer Intelligence Research Partners.

The report said Hon Hai's investment will be made to expand the production capacity of its existing plant in Sriperumbudur in the southern state of Tamil Nadu.

As per Counterpoint, Apple has emphasised on retailing lower-end phones in the Indian market as the fact that more than half of its sale volume is driven by models older than iPhone 8.

Mumbai: Foxconn, a key contract manufacturer of Apple Inc, is planning to open assembly lines for high-end iPhones in India.

The investment is expected to create as many as 25,000 new Indian jobs, he added.

Apple's High-End iPhones Will Be Produced in India

Another source also said that the transfer of production to India will help Foxconn and Apple to limit the influence of a trade war between the USA and China.

In support of the survey result, Apple's product marketing VP Greg Joswiak last month in an interview with CNET disclosed that the iPhone XR had "been our most popular iPhone each and every day since the day it became available".

For Apple, widening assembly beyond China is critical to mitigate the risks of the Sino-U.S. trade war. If that goes ahead, it will be one of the biggest recent steps by a major company to secure an additional production base outside of China.

Citi has "sell" ratings on iPhone assemblers Hon Hai Precision Industry Co and Foxconn Technology Co said it sees Hon Hai as particularly vulnerable, with higher exposure to the new models. The overall iPhone production in the fourth quarter of this year will reach 72 million units, lower than the previous forecast of 77 million units, mainly because the new iPhone demand is quite low. The press service of Apple and Foxconn did not comment on this event.