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iPhone prices will drop very soon just because of Made in India initiative

Indian prime minister Mr. Narendra Modi wants to position India as a hub of Smartphone manufacturing and provide wireless connections and cheap labor to the bigger brands like Samsung, Oneplus and many more so that they can establish their setup in India. which results in huge price drop of smartphones in india.
iPhone prices will drop very soon just because of Made in India initiative
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Because of this initiative, Apple is decided to assemble its high-end iPhones in India by Foxconn. This Indian Assembled iPhones will be available from next month in all the store at the best price as compared to older ones. It will help Apple to drop down their iPhone prices in India because they don’t need to pay import taxes on finished smartphones in India.

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IPhone XR and iPhone XS are ready to hit the Indian market in August. Apple is planning to expand its local assembly which helps in saving a lot of money from paying import duties and all that. Company is deciding to establish Assembly unit of iPhone X segment devices in Tamil Nadu state.

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If you don’t know Apple also assembles iPhone SE, iPhone 6S and iPhone 7 models in India through local unit named as Wistron Corp’s which is established in Bengaluru. Just because of high prices Apple has only 1 percent market share but due to this initiative, Apple will give a tough competition to its rivals like OnePlus and Samsung.

Topic: #iphone x
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