Despite any number of stories claiming that Apple's iPhone XR isn't selling as well as anticipated, a new research report from Consumer Intelligence Research Partners (CIRP) paints a slightly more optimistic picture. Due to import taxes, an iPhone XS 64GB now costs $1421 Dollars in India! Moreover, Foxconn - a Taiwanese company is already manufacturing smartphones for Xiaomi. Moreover, the sources in the state suggest that the announcement might take place on January 24, during the second Global Investor Meet slated to be held in January.
A new study has confirmed fears of disappointing demand for Apple's newest entry-level iPhone.
Nearly one in every three new iPhones sold in the United States is the cheapest new model, the iPhone XR, CIRP report found. iPhone XR sales claimed as much as 32 percent of the total iPhone sales in the U.S. within the first 30 days after its release in October 2018. A third source confirmed that Hon Hai plans to assemble iPhones in India. The investment could create up to 25,000 jobs, Mr. Sampath said.
Truth be told, the news shouldn't come as too much of a surprise, especially given that Apple executive Greg Joswiak a few weeks back revealed that the iPhone XR has been Apple's "most popular iPhone each and every day since the day it became available". "Part of this belief was based on the company's size and ability to both negotiate pricing and terms with its manufacturers and move its manufacturing out of China", Mr Forte wrote.
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Hon Hai, the world's largest contract electronics maker, now supplies high-end phones to Apple from its massive production base in China that employs 1 million workers to assemble gadgets for global brands.
Beyond making Apple's supply chain more resilient, the project could put it in a better position to target the Indian smartphone market. Apple and Foxconn did not respond to Reuters' queries on the development.