'Made in India' iPhone will be introduced Next month, price may fall

Jul 12 2019 07:53 PM
'Made in India' iPhone will be introduced Next month, price may fall

Apple's top-end iPhones in India, assembled by Foxconn's local unit, can be made available in the Indian market from next month. This will bring down the prices of iPhones in the world's second-largest smartphone market. Some approvals are yet to be approved, but according to sources, the iPhone XR and iPhone XS devices manufactured in India could hit the market by August. In this case Foxconn has refused to comment on anything. Let us know the full details

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For your information, increasing local assemblies can save Apple import tax. At the same time, you will be able to meet local sourcing rules to open its retail stores in India. Apple devices are preferred by millions of Indians, but have limited market share due to its premium range. Earlier, a Reuters report said Foxconn's local unit will start assembling the iPhone X in India's Tamil Nadu state this year. Apple also assembles low-cost iPhone SE, iPhone 6S and iPhone 7 models in Bengaluru's tech hub.

In this case, PM Narendra Modi's government tried to make South Asia's third-largest economy a hub of smartphone manufacturing by providing more than one billion wireless connections and cheaper shame to global players. This effort has greatly expanded companies like Samsung and Oppo in India. In addition to meeting local demand, companies like Apple can use India as an export hub.

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