Foxconn currently has two assembly plants in India and says that it plans to expand those as well as open two more…
India Stories August 29
India Stories August 28
A new report out from Bloomberg today details that Apple is close to opening online sales in India as the country has relaxed its rules for foreign companies and the requirement to source 30% of production locally to open retail stores. This comes as good news for Apple as it has seen iPhone sales fall in the country this year.
India Stories July 15
As it continues to refocus its strategy in India, Apple has reportedly stopped selling the iPhone SE, iPhone 6, iPhone 6 Plus, and iPhone 6s Plus in the country. This comes as Apple is reportedly shifting its plan in the country to focus on newer and more expensive iPhones.
India Stories July 11
Representing a significant milestone, some Apple iPhones manufactured in India are now being exported to countries in Europe for sale, via The Economic Times.
Initially, Apple set up iPhone manufacturing in India to avoid import taxes and allow the company to be more price-competitive in the Indian smartphone market, which is seen as a potential growth opportunity over the next few years.
India Stories July 6
A pair of reports this week detail Apple’s ongoing struggles in India, but also note a point of hope for the company. The Economic Times reports that iPhone sales continue to fall in India, but that India regulators are looking to ease local sourcing rules – which could help Apple’s efforts to open retail stores in the country.
India Stories June 11
With US iPhones currently made in China, there has been much concern about the escalating trade war between the two countries. The worst-case scenario would be a 25% tariff on iPhones entering the US, which would either push up prices, hurt Apple’s bottom line, or both.
But Foxconn has said that the iPhone would be able to escape this fate, as the assembler has enough capacity in other countries to supply all US iPhones …