Foxconn’s local unit has assembled Apple Inc’s top-end iPhones in India. According to the sources, it is expected that these iPhones are likely to be launched in Indian stores in the following month, i.e., in August 2019. This is, potentially, a help to the big tech companies to drop prices in the world’s biggest smartphone market bearing the second place amongst others.
Reuters, previously, reported that the local unit of Hon Hai Precision Industry Corporations, famously known as Foxconn will commence the work of assembling the iPhone X devices in India’s southernmost state – Tamil Nadu this year.
As per the sources, the iPhone XR and XS made in India, are not to be made revealed their names in the market publically due to delay in decision on some crucial matters pending for approval.
Further, Apple Inc. did not make any comment when the same was requested to them. Foxconn stated that the company does not give comments on customers or products.
The expansion of assembling the devices at the local level would help Apple in saving the high taxes being levied on the import of fully-built devices. Also, this will help in meeting the local sourcing rules and regulations in opening its retail stores in India.
Due to the limitation in premium pricing of Apple, the market share has to meager a percent to the gain of rival companies like OnePlus of china, however, millions of people in India make Apple company devices their choice.
Rushabh Doshi, a research director at the tech consultancy Canalys, “The local production is likely to give the company, Apple, the benefit to receive the margins of their distributors.” Also, the prices of their phones will drop indirectly.
A California-headquartered Apple, Cupertino also does assembling of the SE, 6S and 7 models at a lower cost in India through its local unit, Wistron Corp in the tech hub of Bengaluru. Some of the Wistron has assembled iPhone 6s and 7 which are being exported from India to Europe markets.
The Government of India led by the Prime Minister Narendra Modi to maintain third position in South Asia’s biggest economy for manufacturing smart phones, wooing the global competitors with access to a market with over a billion wireless connections and very reasonable labor.