Foxconn to begin assembling top-end Apple iPhones in India in 2019: Source

Apple 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 Sriperum


Apple 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 Sriperum
Foxconn to begin assembling top-end Apple iPhones in India in 2019: Source Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: afp, getty images
Keywords: news, cnbc, companies, assembling, source, phones, iphones, models, apple, begin, tamil, investment, 2019, plant, iphone, topend, foxconn, india


Foxconn to begin assembling top-end Apple iPhones in India in 2019: Source

Apple 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.

The other source declined to be named as this person is not authorized to speak to the media. A third source confirmed Foxconn planned to assemble iPhones in India.

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.


Company: cnbc, Activity: cnbc, Date: 2018-12-27  Authors: afp, getty images
Keywords: news, cnbc, companies, assembling, source, phones, iphones, models, apple, begin, tamil, investment, 2019, plant, iphone, topend, foxconn, india


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