With iPhone growth slowing down, Apple is relying on its iPhone 8 to reel in a large number of smartphones sales. In addition, the company has also been reported to start manufacturing phones in India and sell them in this country as well. India is a densely populated country and according to statistics, it also happens to be one of the largest smartphone growing markets in the world, which is the perfect region and conditions needed for Apple to get back into the smartphone manufacturing game.
A report published by Bloomberg states that Apple executives met with the Priyank Kharge, who is the state’s information technology minister and he is claiming that these executives met him during the month of January and provided him a confirmation regarding manufacturing phones in India.
“Apple’s iPhones will be made in Bangalore and all devices will be targeted at the domestic market. We did not discuss any other incentives. There is no component ecosystem in the country besides what Samsung has done in India. With Apple’s China sales slowing down, it’s opportunity India, and Apple might look at a different SKU, distribution and sourcing model to make it affordable to millions of aspiring customers.”
Similar to Foxconn manufacturing iPhones for Apple, the tech company has appointed Taiwan’s Wistron to start mass production of iPhones. One reason why the company agreed to start the manufacturing phase in India was because the state government must have agreed to the long list of demands from the Apple. This might also have included a 15-year tax holiday so the company can start importing components and other goods without increasing expenses and other costs.
The information technology minister has also been reported to say that if Apple found other regions where it wants to start manufacturing phones in India, then the government would aid in making that decision a lot simpler.