Apple’s flagship smartphones began to be assembled in India
This will reduce dependence on China and reduce prices.
Apple has begun production of the iPhone 11 at its Indian iPhone 11 factory. A source from The Economic Times notes that Apple has launched the first flagship smartphones in the country.
The flagship smartphone is being manufactured at Foxconn’s plant near Chennai, Apple plans to ramp up production in stages and may even consider exporting iPhone 11 phones made in India to reduce dependence on China.
The ramp-up of local manufacturing is an opportunity to make the most of the government’s Made in India initiative, which will save Apple 22% on import duties and enable lower prices.
In a previous report from The Economic Times, it was said that Apple could plan to produce up to $ 40 billion worth of smartphones in India through contract manufacturers Wistron and Foxconn. Foxconn also plans to invest $ 1 billion in the country to expand its local iPhone assembly plant, according to Reuters.
Apple is rumored to strengthen its presence in India by opening an online Apple Store in the third quarter of 2020. The company is also said to be working on opening retail stores in the country, starting with a store in Mumbai.