Foxconn Set to Begin Production of iPhone X in India
Foxconn Technology Group is reportedly going to start a trial run of production of iPhone X in India.
The trial run of the iPhone X range of devices will come before Foxconn starts full-scale assembly at its factory outside Chennai, Bloomberg reported quoting sources.
The move is reportedly aimed at negating the 20-30 percent price hike in iPhones due to the import duties charged by India.
The Cupertino-based tech firm currently holds less than 2-percent of share in India’s smartphone market, mainly on account of its cost-competitive market, the Bloomberg report said.
Foxconn currently has two assembly sites in Andhra Pradesh and Tamil Nadu, where it makes devices for Xiaomi and Nokia.
At present, Apple manufactures iPhone 6 and SE and with new move, the company will look to break ground in India - which has largely been an untapped market for it.
Locating more production in India would also help diversify Apple and Foxconn’s manufacturing footprint away from China, amid ongoing trade tensions with the US, the Bloomberg report also said.
(With inputs from Bloomberg)
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