The report further states that the production would begin as early as 2019 at Foxconn manufacturing unit in Sriperumbudur, a town in Tamil Nadu.
More Android Users Are Buying iPhones Than Last Year: Report
Foxconn will spend $365 million to expand the plant and may create as many as 25,000 new jobs in India according to an Industries Minister in the country. Foxconn will assemble high-end iPhones models in India, which includes the most expensive flagship devices offered by Apple, such as the iPhone X. However, manufacture of the iPhone X there would mark a significant increase in Apple's business in India.
It is possible that Apple would also re-start the production of the iPhone X in the Indian Foxconn plant in a move to capture a bigger chunk of India's rapidly growing mobile phone market.
Its sales in India have also been focused on lower-end phones - more than half of its sales volume is driven by models older than the iPhone 8, launched previous year, according to technology research firm Counterpoint.
"It appears that iPhone XR did serve to attract current Android users", CIRP partner and co-founder Mike Levin said. The U.S. and China are at odds over trade and there has been some suggestion that if a full-blown trade war between the countries erupts, tariffs on iPhones could drive Apple's prices up significantly.
As the largest electronics contract maker in the world, Foxconn has factories around the globe including in the.
Apple has been battling lately in the Indian market, with its expensive phones unfit to contend with less expensive and increasingly well-known models from brands like Samsung and Xiaomi.
During the third quarter of 2018, smartphone manufacturers shipped 355.2 million devices worldwide - down from 377.8 million units in the year-ago quarter.