Amid trade tensions, Apple reportedly will make top-end iPhones in India
Amid trade tensions, Apple reportedly will make top-end iPhones in India
Experts believe that the iPhone XR was created to divert the owners of Android-devices
31 December, 2018, 19:25
Citing an unnamed source, the reportsaid Thursday it will be the first time Apple has its top-end iPhones made by a contractor in India.
While Apple has been assembling the iPhone SE and iPhone 6S models in India through Whistron Corps plant in Bengaluru.
Citi Research on Friday slashed its first-quarter production estimates for Apple Inc's iPhones and almost halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand. And now, a new report suggests that the phone helped Apple to score more Android users than ever before.
Citi has "sell" ratings on iPhone assemblers Hon Hai Precision Industry Co and Foxconn Technology Co said it sees Hon Hai as particularly vulnerable, with higher exposure to the new models. A government official told Reuters that Foxconn plans to invest the equivalent of $356 million in the plant as part of the initiative and could hire as many as 25,000 workers.
The investment may create as many as 25,000 jobs, he added.
Apple spokeswoman Trudy Muller declined to comment.
After reports emerged that iPhone is suffering from weaker sales, Apple's vice president of product marketing Greg Joswiak said that iPhone Xr is the most popular iPhone but did not disclose any sales figure to back up his claims.
A new study has confirmed fears of disappointing demand for Apple's newest entry-level iPhone. The Cupertino-based company wants to avoid the trade war between the United States and China. It already makes phones for Chinese handset maker Xiaomi Corp at its Sriperumbudur plant.
Foxconn, the world's biggest electronics contract manufacturer, is considering setting up a factory in Vietnam, Vietnamese state media reported this month.
Apple's efforts to penetrate the vast Indian market have so far garnered mixed results. According to the new estimate Apple is expected to manufacture 45 million units for the quarter, down from the 50 million earlier forecast. Apple and Foxconn did not respond to Reuters' queries on the development.
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