The report also indicates that Foxconn will be responsible for manufacturing of iPhones in India as opposed to Wistron which is now manufacturing lower-end, budget iPhone models in the country. The iPhone SE and iPhone 6S were also assembled in the country by a plant operated by another major Taiwan-based manufacturer, Wistron Corporation, in the Bengaluru technology hub.
According to Reuters, Apple India will most likely assemble the latest top-tier iPhones in India through the local unit of Foxconn - the Taiwanese manufacturer, who now assembles iPhones in China and Xiaomi phones in India.
The plant in question is located in the town of Sriperumbudur, in the southern state of Tamil Nadu.
Apple has been battling lately in the Indian market, with its expensive phones unfit to contend with less expensive and increasingly well-known models from brands like Samsung and Xiaomi. Moreover, the sources in the state suggest that the announcement might take place on January 24, during the second Global Investor Meet slated to be held in January. And, this investment is expected to generate jobs for at least 25,000 people. Apple's vice president of product marketing Greg Joswiak did tell CNET in November that the iPhone XR has been the company's most popular iPhone ever since it launched, after all.More news: 'Don't want to be facing Bumrah' - Kohli
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No doubt, Apple is seeing a decline in its overall sales volumes across the world.
According to Reuters, the Foxconn's factory in India is now producing Xiaomi phones, while the Cupertino-based company, Apple, is using the Taiwanese Wistron Corporation's facilities in Bengaluru to assembly its low- and mid-range smartphones such as iPhone SE and iPhone 6S.
Foxconn has previously admitted the China-U.S. trade spat was its biggest challenge and that its senior executives were making plans to counter the impact. The American tech giant is looking to steer the business to a new level as far as the Indian market is concerned.
The brokerage lowered its forecast for the number of units produced in the first quarter of iPhone XS Max, which starts at US$1,099, by 48 per cent.