India Stories February 17

AAPL: 135.72

Stock Chart

India’s Economic Times reports that Apple will begin assembling iPhones in India whether or not the government agrees to the incentives it has requested. The report also supports a recent report that the location of the first plant will be in Bengaluru, Karnataka.

Apple will kick off its India manufacturing plans by initially assembling 3-400,000 units of its iPhone SE model at the Karnataka plant being set up by contract manufacturer Wistron, as the maker of the iconic iPhones looks to take a deeper bite of a key market amid slowing global smartphone growth […]

A person in the contract manufacturing industry said Wistron is ready to start assembling the phones. “The duty concessions are not connected to the plant,” the person added.

Apple is said to be keen to press ahead with the plan without delay for two reasons …

expand full story

India Stories February 2

AAPL: 128.53

Stock Chart

Apple has been working with India over the past several months on plans to make iPhones in the country, and now it appears a location for manufacturing has been decided: Bengaluru. Formerly called Bangalore, Bengaluru is known as the ‘IT capital of India’ and serves as the home of Apple’s 40,000 square foot iOS app development accelerator office space.

expand full story

India Stories January 27

AAPL: 121.95

Stock Chart

If you were in any doubt why Apple was going to so much trouble to deepen its foothold in India, new figures from Counterpoint Research provide the answer. While the global smartphone market grew only 3% last year, smartphone shipments in India grew by 18%.

The growing middle class in the country also meant that, for the first time, there were no Indian brands in the top five as consumers start to spend more on their handsets. There was also good news for Apple …

expand full story


India Stories January 25

AAPL: 121.88

Stock Chart

A proposal for Apple to manufacture iPhones in India in return for permission to open retail stores in the country is ‘almost a done deal’ according to a government official. His comment to the WSJ follows a meeting today between a team of Apple execs led by VP Priya Balasubramaniam and senior Indian government officials …

expand full story

India Stories January 23

AAPL: 120.08

Stock Chart

As Apple gears up to begin manufacturing iPhones in India as part of a deal to open retail stores in the country, it’s being reported that its main assembler – Foxconn – will not be the lead supplier. Instead, a company with existing smartphone manufacturing facilities in the country, Wistron, is said to have been selected by Apple as its primary supplier in India.

It’s not the first time we’ve heard iPhone-related rumors about Wistron …

expand full story

India Stories January 19

AAPL: 119.78

Stock Chart

Submit a Tip


Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by VIP