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Your next iPhone may be manufactured in India

31 December, 2018, 19:26 | Author: Vicki Mclaughlin
  • Apple’s iPhone XR is boosting the number of Android switchers

Citi Research on Friday slashed its first-quarter production estimates for Apple Inc's iPhones and almost halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand.

According to Reuters, sources familiar with the development revealed that Apple will soon start assembling iPhone X-series in the country with the help of Foxconn. Moreover, Foxconn - a Taiwanese company is already manufacturing smartphones for Xiaomi. According to a survey report emerging from the United States, there has been an increase in the number of people buying iPhone XR, who were earlier users of Android phones.

Foxconn could start assembling top-end iPhones in India as early as 2019.

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. This will include investment in iPhone production. The minister also said the expansion will create as many as 25,000 new jobs.

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Until now, Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp's (緯創) local unit in the Bengaluru technology hub.

The Hindu newspaper also reported that Foxconn would begin manufacturing various models of iPhone in its Indian plant.

No doubt, Apple is seeing a decline in its overall sales volumes across the world.

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. As of late, the Indian government has set up high tariffs on imported cell phones, while likewise offering less expensive import rates on cell phone parts so as to urge makers to assemble gadgets in India and drive the nation's assembling business. According to the new estimate Apple is expected to manufacture 45 million units for the quarter, down from the 50 million earlier forecast.

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