Apple Inc’s Taiwanese contract manufacturerFoxconn will begin assembling in early 2019
Reportedly, the work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu.
25 Billion Indian rupees investment and 25,000 jobs
Indian State, Tamil Nadu’s Industries Minister M. C. Sampath told Reuters that Foxconn will invest 25 billion Indian rupees (USD356 million) to expand the plant, including investment in iPhone production. The investment may create more than 25,000 jobs.
iPhone prices will go down?
In India, Apple Inc, is focused on lower-end phones to get a bigger share of the world’s fastest growing major smartphone market. But, as the company begins its plants in India, there is a slight hope for cheaper iPhones.
Last year, Apple launched its high-end iPhone X but has cut production since it began selling the newer versions like iPhone XS and XR this year. Still, it could potentially make the older iPhone X version in India where it sells cheaper models.
High-end iPhone devices will be assembled in India
Until now, Apple has assembled the lower-cost SE and 6S models in India through Wistron Corp’s local unit in the Bengaluru technology hub.
Foxconn will be assembling the most expensive models, including the flagship iPhone X family, potentially taking Apple’s business in India to a new level.
Firstly,an Indian newspaper reported that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters reported the size of the investment and the kind of phones to be assembled. Complete details of Apples deal with Foxconn are not yet clear and could change.
Foxconn said it does not comment on matters associated to current or potential customers, or any of their products. Also, it did not immediately respond to a request seeking confirmation that it was investing US$356 million in Tamil Nadu.