More Android Users Are Buying iPhones Than Last Year
More Android Users Are Buying iPhones Than Last Year
Study shows disappointing demand for iPhone XR
31 December, 2018, 19:28
The company is expected to invest $356 million for expanding the plant, which includes iPhone production.
Nearly one in every three new iPhones sold in the United States is the cheapest new model, the iPhone XR, CIRPreport found. iPhone XR sales claimed as much as 32 percent of the total iPhone sales in the U.S. within the first 30 days after its release in October 2018.
It's important to note that Foxconn won't be assembling just any iPhone in India, but its top-of-the-line X series.
If this goes ahead, it will help Apple manufacture more iPhone models in India, helping them meet 30% requirement of locally-manufactured products in order to get clearance for opening retail stores in the country.
The flagship iPhones are not the first iPhones to be assembled in India.
The work would take place at Hon Hai's plant in Sriperumbudur in the southern state of Tamil Nadu, this source added. The investment will create up to 25,000 jobs in the country and reduce Foxconn's (and Apple's) manufacturing presence in China. Foxconn's Longhua Science and Technology Park in Shenzhen, China, is now producing the majority of the iPhone devices for Apple. But within the product mix that it has got now, with the high-end iPhone XS Max and the iPhone XS, the third, the iPhone XR, appears to be doing well.
Apple spokeswoman Trudy Muller declined to comment.
Foxconn wants to hedge its risks in the wake of what has been happening between China and the US.
As the largest electronics contract maker in the world, Foxconn has factories around the globe including in the. The American tech giant is looking to steer the business to a new level as far as the Indian market is concerned.
During the third quarter of 2018, smartphone manufacturers shipped 355.2 million devices worldwide - down from 377.8 million units in the year-ago quarter. Apple and Foxconn did not respond to Reuters' queries on the development.
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