Apple to shift mass production of iPhones from China to India

Apple to shift mass production of iPhones from China to India

Apple has been producing older models of iPhones in Bengaluru for many years, but it will now expand its manufacturing to the newest models. It hopes to ramp up its sales in India by manufacturing locally which would let it dodge the 20 percent import duties. The labor will be cheaper for Foxconn and Apple gets access to a growing market. "India is still an emerging smartphone market, it has a lot of potential domestically and could serve as an export hub for the region".

Gou, 69, told Reuters that he is "walking toward that direction - to walk back to the second line, or retire.I will be involved in the major direction of the company, but not involved in daily operations".

The firm said its billionaire founder would not be relinquishing his role as chairman, rebutting earlier media reports.

It's not yet clear how Apple's steps into India will affect its China operations. But this move could benefit both Foxconn and Apple.

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There are two assembly sites of Foxconn in Andhra Pradesh and Tamil Nadu, where it also manufactures Xiaomi and Nokia devices. Foxconn's initial investment will be about $300 million to set up, with lined-up investments depending on capacity expansion.

When asked about his retirement plan at a shareholder meeting a year ago, Gou said he would not step down until the company's share price hit Tw$200 ($6.49). He has a dozen software people in India and he plans to increase that to 600, he said.

Gou also said he plans to write a book to pass on the lessons of his 45 years of management experience. On Xiaomi's Indian website, the Redmi Note 7 has a price of ₹9,999 ($143), which is about a 10th the price of Apple's iPhone Xs in the country. Only the headline has been changed.

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