Apple’s high-end made-in-India iPhones to hit markets next month

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Apple’s high-end made-in-India iPhones to hit markets next month

High-end iPhones of the Cupertino-based iPhone manufacturer, Apple Inc., had been set to hit the Indian markets as early as by next month, a source with direct knowledge regarding the issue had unveiled on Thursday, the 11th of July 2019, adding that the US-based iPhone assembler Foxconn’s local unit had been assembling the India-made iPhones.

Although, Apple Inc. had to obtain some approvals from Indian financial authorities and anti-trust commissions, the source familiar with the issue had been quoted saying that the India-made iPhone XR and XS devices would be available in Indian markets by August.

As a matter of fact, an expansion of local assemblers would likely to help Apple save a hefty amount in taxes for import of fully-build devices, while local sourcing would allow the iPhone maker to open its own retail stores in India.

Latest news of India-made iPhones hitting markets came forth following a report later last year revealing that the Apple’s assembler of iPhone, Hon Hai Precision Industry Co., widely called as Foxconn would start-off assembling iPhones in the Indian state of Tamil Nadu.

Adding that locally assembled iPhones would proffer a much-required leverage for Apple Inc. against its Chinese and local rivals with lower prices, a research director at tech consultancy, Canalys, Rushabh Doshi said, “Local production will give Apple the leeway to play with the margins of their distributors and indirectly price their phones lower”.