HomeBusinessiPhone Prices Will Drop As Apple's Production Moved To India

iPhone Prices Will Drop As Apple’s Production Moved To India

Apple seems to have begun exporting iPhones that are created in India to a few European markets. As per a report by The Economic Times, three sources close to Apple have confirmed the move, which can seriously boost the government’s Make in India plan.

As per the report, Apple’s contract manufacturer Wistron Corp’s India arm, which began assembling iPhones within the country back in 2016, has become the primary of Apple’s contract manufacturers to export iPhones from its facility Bengaluru.

iPhone Prices Will Drop As Apple's Production Moved To India

“iPhone 6s and iPhone 7 are being exported in quantities of below 100,000 units a month,” said Neil Shah, director of research at Counterpoint research, citing export information that the firm tracks.

“The exports began several months ago to European markets,” he added.

The other two people, who are senior executives within the industry, said that the export volumes were about 70-80% of the total capacity at the facility. Wistron has been making iPhone 6 since the year before and the iPhone 7 since the start of this year.

iPhone Prices Will Drop As Apple's Production Moved To India

Prime Minister Narendra Modi’s government has tried to position South Asia’s third-biggest economy as a hub for smartphone production, wooing international players with access to a market with over a billion wireless connections and low-cost labor.

That push has met with some success as international smartphone giants, including Samsung and China’s Opp,o have expanded rapidly in India, and contract makers like Foxconn have ramped up domestic operations.

Apple cut its fiscal first-quarter sales forecast, blaming deceleration iPhone sales in China wherever uncertainty around US-China trade relations has hurt the economy. Ramping up production in India will facilitate Apple to fulfill native sourcing norms, a necessary criterion for opening its stores in India.

iPhone Prices Will Drop As Apple's Production Moved To India
Akshay Varma
Akshay Varma is a senior Journalist with Mass Media Communications Degree from Aurora Degree College. He writes mostly on Movies and Trending Topics


Please enter your comment!
Please enter your name here

Most Popular