Apple to Manufacture iPhones in India
Husain Sumra, for MacRumors:
Apple has agreed to a deal with the government of Indian state Karnataka to begin manufacturing iPhones in Bangalore, reports The Times of India. The Karnataka government announced that it had approved Apple’s proposal to “commence initial manufacturing operations” in a press release.
Apple’s desire to open a manufacturing hub in India started after Prime Minister Narendra Modi began promoting his “Made in India” initiative. Apple manufacturing partner Wistron will make the iPhones in a new plant, reportedly beginning with the iPhone 8.
Manufacturing in India should significantly reduce the cost of iPhone for Indian consumers — at launch, the iPhone 7 was almost $250 more expensive in India than in the U.S.. This reduction in cost should fuel additional growth for Apple.