Now the plant which is located in the town of Sriperumbudur in the southern state of Tamil Nadu produces phones for Xiaomi, OnePlus and Gionee. According to Reuters, Foxconn will be assembling its top-end iPhones - iPhone X series - in India as early as 2019.
While smartphone giants including Samsung Electronics Co Ltd, Oppo and Xiaomi Corp have responded favorably by investing millions of dollars to build plants in India, Apple has more or less stayed away.
Worth pointing out, most of all, is that up until now, Apple's strategy in India has focused exclusively on building models older than the iPhone 8 and 8 Plus, which, according to market research firm, Counterpoint, accounted for more than half of Apple's sales in India this year.
No doubt, Apple is seeing a decline in its overall sales volumes across the world.
Foxconn and Apple have neither confirmed nor denied the report as of now.More news: Miley Cyrus and Liam Hemsworth are officially married
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"We can infer that Apple positioned the iPhone Xr to appeal to potential operating systems switchers from Android", said Mike Levin, CIRP cofounder. This might change soon, and you can get the latest iPhones including - the iPhone XS, Xs Max, and the cheaper iPhone XR at considerably lower prices. Due to import taxes, an iPhone XS 64GB now costs $1421 United States dollars in India!
Complete details about Apple's deal with Foxconn are not yet clear.
"Widening iPhone manufacturing in India through Foxconn will allow Apple to hedge the risk of any new USA trade policies", said Navkendar Singh, an associate research director at International Data Corporation. However, in India, the new iPhones are way more expensive than the U.S. - thanks to our country's custom duty charges on imported consumer electronics.
Making more phones locally will help Apple save costly duties and boost Prime Minister Narendra Modi's flagship drive to make India a manufacturing hub, Singh said.