Apple already has a manufacturing unit in India through Wistron in Bengaluru, but it only makes low-priced iPhone SE and 6S models. While Foxconn, the Taiwanese company contracted by Apple to manufacture the iPhone, already makes phones in India, this will mark the first time the company has made iPhones in the country.
The investment may create as many as 25,000 jobs, he added. This second manufacturing unit outside of China by Apple is also considered as a smart move to help the Cupertino tech giant in a trade war between the USA and China, which reduces the impact on Apple, the report suggests. During its first month, the device attracted 16 percent of Android users, while the iPhone X only had 11 percent during the same initial period of availability. While the XR's overall sales may have proven disappointing to Apple so far, a recent report from Consumer Intelligence Research Partners revealing specific sales data is more optimistic.
It's also just 2 percent ahead of the share last year's iPhone X had grabbed - despite the fact that prices for the X started at $999.
Full details of Apple's deal with Hon Hai are not yet clear and could change.
Apple spokeswoman Trudy Muller declined to comment.
Australia v India: Cheteshwar Pujara and Virat Kohli cause Australia problems
Even so, they could not deny Pujara who reached his second hundred of this series off 280 balls just prior to lunch. The stump-mic was loud and on as it picked up the amusing comment made by the Australian captain.
The decision to move assembly from China to India could be prove to be critical to keeping iPhone costs down.
Foxconn, the world's biggest electronics contract manufacturer, is considering setting up a factory in Vietnam, Vietnamese state media reported this month.
Foxconn has previously acknowledged that the dispute between the US and China has hindered the company's ability to affordably continue its operations.
Indian taxes on import of devices and components have also heightened Apple's headache in a market where it has only a 1 percent share by smartphone shipments.