Apple iPhone XR, a well known smartphone from the US-based tech giant what was unveiled last year, is currently getting assembled in India. Like per the news, Apple has presently started selling locally assembled iPhone XR in the Indian market.
The company’s iPhone XR boxes with an “Assembled in India” tag were seen on Monday in many of the country’s electronic gadget retailers, like Croma, with a value tag of ₹49,900 (roughly £542) for the 64GB version.
It looks like the manufacturer is searching to extend its market share in India, the world’s second-largest cameraphone market. The manufacturer has been struggling in India mostly because of the pricing of iPhones and India is presently a hub of value-for-money offerings from the Chinese brands.
If the news are to be thought, then the Apple iPhone XR are being assembled at the contract company Foxconn’s India factory in Chennai. This is being done by Apple to avoid high levies on the import of fully-built devices as nicely as to meet local sourcing norms for opening its own retail stores in India.
Reports indicate that the manufacturer is coming to save more than 20 percent on import duties as it starts assembling products in India. The development also ships at a time after the United States and China are involved in a trade war and thus Apple is now searching for alternatives to manufacturing smartphones in China.
Hence companies like Apple are currently looking to use India as an export hub to soften the impact of an ongoing trade war between the United States and China. Announced this year, Reuters had so-called that Apple would start assembling its top-end iPhones in India.