Reuters Insider - Apple to assemble top-end iPhones in India

Tamilnadu Telecommunication

27/12/2018 17:31

Click the following link to watch video: https://share.insider.thomsonreuters.com/link?entryId=1_lsm8yvmc&referenceId=tag:reuters.com,2018:newsml_OV9CQ0D57_930&pageId=ReutersNews
Source: Reuters Insider

Description: Apple will begin assembling its top-end iPhones in India through
the local unit of Foxconn as early as 2019, the first time the Taiwanese
contract manufacturer will have made the product in the country, a source told
Reuters. Fred Katayama reports.
Short Link: https://reut.rs/2LGp10M

Video Transcript:

Here's one way to skirt the blow from a trade war with China- a source tells
Reuters Apple will begin assembling its most pricey iPhones in India. It'll do
that through the local unit of the Taiwanese contract manufacture Foxconn.
Those models will include the flagship iPhone X family. Digital Trends
Editor-in-Chief Jeremy Kaplan- 

Yeah, India for a couple of reasons. For one, it's a huge market and Apple has
really barely penetrated, largely because Apple sells a lot of very high-end
expensive products. So in chance, this might lower the cost of things. For
another thing, it's an opportunity to mitigate the overall reliance on China
and on Asia in general, bringing things down into India should perhaps
mitigate some of that risk. 

The source says assembly could start as early as 2019 at Foxconn's plant in
the southern state of Tamil Nadu. That states' Industry Minister told Reuters
Foxconn will invest roughly $350 million to expand its factory there, creating
as many as 25,000 jobs. It's not known if any of the iPhone assemblies being
shifted from existing Foxconn plants in China. Expanding assembly beyond China
is critical for Apple in its bid to reduce the risks of a US-China trade war.
Producing more phones locally will have it save costly duties. Until now,
Apple had only been assembling its lower-cost SE and 6 models in India