Too good to be true?
Apple until now has been producing the iPhone 6s and SE in India. The main reason for the skyrocketing prices of iPhones in India is because of the large import taxes and Indian Rupee depreciation.
It seems that Apple’s two Indian manufacturers, Foxconn in Chennai and Wistron in Bengaluru are about to begin production of the iPhone 7.
Foxconn is also testing trials for iPhone X production.
Foxconn and Wistron have already invested a lot of money in expanding their production capabilities for Apple.
India and Apple
India has strict government regulation regarding local sourcing and tax exemptions for local manufacturers. As Apple does not source parts locally, and imports their phones, they cannot set-up their own retail location and have to pay a large amount of taxes.
Hopefully the new production facilities will soon begin to produce the iPhone X, bringing one of Apple’s premium smartphones to an affordable price in the Indian premium smartphone market, where Apple at the moment only owns about 1% of.
Image Courtesy: Fortune