https://www.foxbusiness.com/technol...g-top-end-apple-iphones-in-india-in-19-report
High-end Apple iPhones to be made in India next year: Report
Published December 27, 2018TechnologyReuters
Chinese companies urge employees to boycott Apple products
“Bulls & Bears” panel on how Chinese companies are threatening to punish employees caught using Apple products and President Trump’s trade war with China.
MUMBAI/DELHI (Reuters) - Apple Inc 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, according to a source familiar with the matter.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, this source added.
Foxconn, which already makes phones for Xiaomi Corp, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister M C Sampath told Reuters.
The investment may create as many as 25,000 jobs, he added.
More from FOX Business ...
The Hindu newspaper first reported on December 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.
LOWER-END PHONES
Until now, Cupertino, California-based Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp’s local unit in the Bengaluru technology hub.
Its sales in India have also been focused on lower-end phones - more than half of its sales volume is driven by models older than the iPhone 8, launched last year, according to technology research firm Counterpoint.
Ticker Security Last Change %Chg AAPLAPPLE INC.156.23+0.08+0.05%
Apple launched the pricey iPhone X last year but has cut production of that phone, according to industry analysts, since it began selling the newer versions, iPhone XS and XR, globally this year.
Still, it could potentially get Foxconn to make the older iPhone X version in India where it sells cheaper models in a bid to get a bigger share of the world’s fastest growing major mobile phone market.
Full details of Apple’s deal with Foxconn are not yet clear and could change.
It is not known if any of the iPhone assembly is being moved from existing Foxconn factories in China and elsewhere. It is also unclear whether the production will be confined to assembly or include any component production in India.
Apple spokeswoman Trudy Muller declined to comment for this story.
Foxconn said it does not comment on matters related to current or potential customers, or any of their products. It did not immediately respond to a request seeking confirmation that it was investing $356 million in Tamil Nadu.
https://seekingalpha.com/news/3419311-apple-doubles-iphones-made-india
Apple doubles down on iPhones made in India
Dec. 27, 2018 5:07 AM ET|About: Apple Inc. (AAPL)|By: Yoel Minkoff, SA News Editor
China trade tensions? Apple's (NASDAQ:AAPL) business in India is heading to an entire new level.
According to Reuters, Foxconn (OTC:FXCOF) will begin assembling top-end iPhones in the country, including devices in the flagship iPhone X family, as early as 2019.
Until now, Apple has only manufactured the lower-cost SE and 6S models in India through Wistron's (OTC:WICOF) local unit in Bengaluru.
Visit the ETF Screener and select the right ETFs for your portfolio
https://9to5mac.com/2018/12/27/iphones-made-in-india/
Flagship iPhones to be made in India as Apple moves beyond low-cost models
Ben Lovejoy
- Dec. 27th 2018 4:12 am PT
@benlovejoy
41 Comments
Flagship model iPhones will be made in India for the first time, says a new report, potentially taking the company’s business in the emerging market ‘to a new level.’ It follows a recent report that senior Apple execs are to meet government officials there next month to discuss manufacturing plans.
The move will also see assembly in India carried out by Foxconn rather than Wistron, which is currently Apple’s sole iPhone assembler in the country …
Reuters carries the report.
Apple so far has a tiny – and shrinking – share of India’s smartphone market, and has so far focused only on lower-cost models. Wistron currently makes the iPhone SE and iPhone 6S locally. The Reuters report does not indicate which specific iPhone models will be made locally, describing them only as ‘the iPhone X family,’ nor is it clear whether the phones made there will all be sold within India.
One possibility is that Apple may be seeking to guard against the uncertain future of the trade war started with China by the Trump administration; boosting production in other countries might be a way around US import tariffs on Chinese-made goods. It was recently suggested that Apple might move iPhone production out of China if tariffs hit 25%.
A report earlier in the year outlined the challenges faces by Apple in India, and a five-point growth plan the company is reported to have created to address these.
More iPhones made in India may also help Apple to hit a requirement of 30% locally-made products in order to get government clearance to open Apple Stores in the country.
Photo: Shutterstock
Check out 9to5Mac on YouTube for more Apple news:
https://indianexpress.com/article/t...pple-iphones-in-india-in-2019-source-5512266/
Apple’s top-end iPhone series will be assembled in India in 2019: Report
Apple iPhones to be made in India from 2019? Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family
By Reuters |Mumbai/delhi | Updated: December 28, 2018 8:59:13 am
445 Shares
Apple will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, and it could be the iPhone X family, says a report in Reuters. (Image Source: Bloomberg)
Apple Inc 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, according to a source familiar with the matter.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, said the source, who is not authorised to speak to the media and so declined to be named. Foxconn, which already makes phones for Xiaomi Corp in India, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister M C Sampath told Reuters. The investment may create as many as 25,000 jobs, he added.
Another source also said Foxconn planned to assemble iPhones in India, in a move that could help both it and Apple to limit the impact of a trade war between the United States and China.
The Hindu newspaper first reported on December 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.
Apple spokeswoman Trudy Muller declined to comment. Foxconn said it did not comment on matters related to current or potential customers, or any of their products.
LOWER-END PHONES
Until now, Cupertino, California-based Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp’s local unit in the Bengaluru technology hub.
Its sales in India have also been focused on lower-end phones – more than half of its sales volume is driven by models older than the iPhone 8, launched last year, according to technology research firm Counterpoint.
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Apple launched the pricey iPhone X last year but has cut production of that phone, according to industry analysts, since it began selling the newer versions, iPhone XS and XR, globally this year.
Still, it could potentially get Foxconn to make the older iPhone X version in India where it sells cheaper models in a bid to get a bigger share of the world’s fastest growing major mobile phone market. Full details of Apple’s deal with Foxconn are not yet clear and could change.
It is not known if any of the iPhone assembly is being moved from existing Foxconn factories in China and elsewhere. It is also unclear whether the production will be confined to assembly or include any component production in India.
LOOKING BEYOND CHINA
For Apple, widening assembly beyond China is critical to mitigate the risks of the Sino-US trade war.
Foxconn, the world’s biggest electronics contract manufacturer, is considering setting up a factory in Vietnam, Vietnamese state media reported this month. If that goes ahead, it will be one of the biggest recent steps by a major company to secure an additional production base outside of China.
Foxconn has previously admitted the China-US trade spat was its biggest challenge and that its senior executives were making plans to counter the impact.
“Widening iPhone manufacturing in India through Foxconn will allow Apple to hedge the risk of any new US trade policies,” said Navkendar Singh, an associate research director at International Data Corporation.
Indian taxes on import of devices and components have also heightened Apple’s headache in a market where it has only a 1 percent share by smartphone shipments.
Making more phones locally will help Apple save costly duties and boost Prime Minister Narendra Modi’s flagship drive to make India a manufacturing hub, Singh said.
Apple shocked investors last month with a lower-than-expected sales forecast for the Christmas quarter that jolted parts suppliers across the world. Foxconn has previously expressed concern over demand for Apple’s flagship devices.
High-end Apple iPhones to be made in India next year: Report
Published December 27, 2018TechnologyReuters
Chinese companies urge employees to boycott Apple products
“Bulls & Bears” panel on how Chinese companies are threatening to punish employees caught using Apple products and President Trump’s trade war with China.
MUMBAI/DELHI (Reuters) - Apple Inc 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, according to a source familiar with the matter.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, this source added.
Foxconn, which already makes phones for Xiaomi Corp, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister M C Sampath told Reuters.
The investment may create as many as 25,000 jobs, he added.
More from FOX Business ...
The Hindu newspaper first reported on December 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.
LOWER-END PHONES
Until now, Cupertino, California-based Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp’s local unit in the Bengaluru technology hub.
Its sales in India have also been focused on lower-end phones - more than half of its sales volume is driven by models older than the iPhone 8, launched last year, according to technology research firm Counterpoint.
Ticker Security Last Change %Chg AAPLAPPLE INC.156.23+0.08+0.05%
Apple launched the pricey iPhone X last year but has cut production of that phone, according to industry analysts, since it began selling the newer versions, iPhone XS and XR, globally this year.
Still, it could potentially get Foxconn to make the older iPhone X version in India where it sells cheaper models in a bid to get a bigger share of the world’s fastest growing major mobile phone market.
Full details of Apple’s deal with Foxconn are not yet clear and could change.
It is not known if any of the iPhone assembly is being moved from existing Foxconn factories in China and elsewhere. It is also unclear whether the production will be confined to assembly or include any component production in India.
Apple spokeswoman Trudy Muller declined to comment for this story.
Foxconn said it does not comment on matters related to current or potential customers, or any of their products. It did not immediately respond to a request seeking confirmation that it was investing $356 million in Tamil Nadu.
https://seekingalpha.com/news/3419311-apple-doubles-iphones-made-india
Apple doubles down on iPhones made in India
Dec. 27, 2018 5:07 AM ET|About: Apple Inc. (AAPL)|By: Yoel Minkoff, SA News Editor
China trade tensions? Apple's (NASDAQ:AAPL) business in India is heading to an entire new level.
According to Reuters, Foxconn (OTC:FXCOF) will begin assembling top-end iPhones in the country, including devices in the flagship iPhone X family, as early as 2019.
Until now, Apple has only manufactured the lower-cost SE and 6S models in India through Wistron's (OTC:WICOF) local unit in Bengaluru.
Visit the ETF Screener and select the right ETFs for your portfolio
https://9to5mac.com/2018/12/27/iphones-made-in-india/
Flagship iPhones to be made in India as Apple moves beyond low-cost models
Ben Lovejoy
- Dec. 27th 2018 4:12 am PT
@benlovejoy
41 Comments
Flagship model iPhones will be made in India for the first time, says a new report, potentially taking the company’s business in the emerging market ‘to a new level.’ It follows a recent report that senior Apple execs are to meet government officials there next month to discuss manufacturing plans.
The move will also see assembly in India carried out by Foxconn rather than Wistron, which is currently Apple’s sole iPhone assembler in the country …
Reuters carries the report.
Apple Inc 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, according to a source familiar with the matter.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
One source cited is the government’s industries minister for the southern state of Tamil Nadu, where the iPhones are set to be made. Foxconn already has production lines there for other products, and is said to be spending around $356M to expand the plant for iPhone assembly. Two other unnamed sources are said to have confirmed the news.Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
Apple so far has a tiny – and shrinking – share of India’s smartphone market, and has so far focused only on lower-cost models. Wistron currently makes the iPhone SE and iPhone 6S locally. The Reuters report does not indicate which specific iPhone models will be made locally, describing them only as ‘the iPhone X family,’ nor is it clear whether the phones made there will all be sold within India.
One possibility is that Apple may be seeking to guard against the uncertain future of the trade war started with China by the Trump administration; boosting production in other countries might be a way around US import tariffs on Chinese-made goods. It was recently suggested that Apple might move iPhone production out of China if tariffs hit 25%.
A report earlier in the year outlined the challenges faces by Apple in India, and a five-point growth plan the company is reported to have created to address these.
More iPhones made in India may also help Apple to hit a requirement of 30% locally-made products in order to get government clearance to open Apple Stores in the country.
Photo: Shutterstock
Check out 9to5Mac on YouTube for more Apple news:
https://indianexpress.com/article/t...pple-iphones-in-india-in-2019-source-5512266/
Apple’s top-end iPhone series will be assembled in India in 2019: Report
Apple iPhones to be made in India from 2019? Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family
By Reuters |Mumbai/delhi | Updated: December 28, 2018 8:59:13 am
445 Shares
Apple Inc 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, according to a source familiar with the matter.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple’s business in India to a new level.
The work will take place at Foxconn’s plant in Sriperumbudur town in the southern state of Tamil Nadu, said the source, who is not authorised to speak to the media and so declined to be named. Foxconn, which already makes phones for Xiaomi Corp in India, will invest 25 billion Indian rupees ($356 million) to expand the plant, including investment in iPhone production, Tamil Nadu’s Industries Minister M C Sampath told Reuters. The investment may create as many as 25,000 jobs, he added.
Another source also said Foxconn planned to assemble iPhones in India, in a move that could help both it and Apple to limit the impact of a trade war between the United States and China.
The Hindu newspaper first reported on December 24 that the Foxconn plant would begin manufacturing various models of the iPhone. Reuters is first to report the size of the investment and the kind of phones to be assembled.
Apple spokeswoman Trudy Muller declined to comment. Foxconn said it did not comment on matters related to current or potential customers, or any of their products.
LOWER-END PHONES
Until now, Cupertino, California-based Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp’s local unit in the Bengaluru technology hub.
Its sales in India have also been focused on lower-end phones – more than half of its sales volume is driven by models older than the iPhone 8, launched last year, according to technology research firm Counterpoint.
Popular Photos
India vs Australia 3rd Test Day 4: Bowlers put visitors on cusp of big win at MCG
How to download CBSE CTET answer key
Deepika Padukone, Anushka Sharma, Jhanvi Kapoor: Fashion hits and misses of the week (Dec 23 – Dec 29)
Apple launched the pricey iPhone X last year but has cut production of that phone, according to industry analysts, since it began selling the newer versions, iPhone XS and XR, globally this year.
Still, it could potentially get Foxconn to make the older iPhone X version in India where it sells cheaper models in a bid to get a bigger share of the world’s fastest growing major mobile phone market. Full details of Apple’s deal with Foxconn are not yet clear and could change.
It is not known if any of the iPhone assembly is being moved from existing Foxconn factories in China and elsewhere. It is also unclear whether the production will be confined to assembly or include any component production in India.
LOOKING BEYOND CHINA
For Apple, widening assembly beyond China is critical to mitigate the risks of the Sino-US trade war.
Foxconn, the world’s biggest electronics contract manufacturer, is considering setting up a factory in Vietnam, Vietnamese state media reported this month. If that goes ahead, it will be one of the biggest recent steps by a major company to secure an additional production base outside of China.
Foxconn has previously admitted the China-US trade spat was its biggest challenge and that its senior executives were making plans to counter the impact.
“Widening iPhone manufacturing in India through Foxconn will allow Apple to hedge the risk of any new US trade policies,” said Navkendar Singh, an associate research director at International Data Corporation.
Indian taxes on import of devices and components have also heightened Apple’s headache in a market where it has only a 1 percent share by smartphone shipments.
Making more phones locally will help Apple save costly duties and boost Prime Minister Narendra Modi’s flagship drive to make India a manufacturing hub, Singh said.
Apple shocked investors last month with a lower-than-expected sales forecast for the Christmas quarter that jolted parts suppliers across the world. Foxconn has previously expressed concern over demand for Apple’s flagship devices.
