foxconn mass production of apple devices in India

Foxconn Technology Group Chairman Terry Gou said that iPhone will go into mass production in this year in India, a shift for the largest assembler of Apple inc. handsets that has long concentrated production in China.

“In the future we will play a very important role in India’s smartphone industry,” Gou said at an event in Taiwan. “We have moved our production lines there.”

As India is becoming the fastest growing smartphone market in the world, and Apple hasn’t a big market in India, because of it’s devices high prices.

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“For Foxconn, the China market for iPhone is saturated, and labor costs are three times higher compared with India,” said Karn Chauhan, a Gurgaon-based analyst at Counterpoint Research. “India is still an emerging smartphone market, it has a lot of potential domestically and could serve as an export hub for the region.”

“We are the primary assembler after all,” Gou said on Monday. “If our customer wants to boost its scale, it will need to depend on us to grow the comprehensive supply chain.”

Source: HindustanTimes