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iPhone: Assembly in Bengaluru will start in a month

  • Apple is an American technology behemoth, popular for its range of iPhones, iPads, iPods and Macbooks.
  • Headquartered in Cupertino, California, the company develops and sells its range of devices and software.
  • The recent hits for the company were its line of Apple TV media player and Apple Watch.
  • Founded 40 years ago, the $178 billion-worth tech giant is headed by Tim Cook.

  • India's 'Make in India' drive
    12 Jun 2015
  • With Prime Minister's 'Make in India' drive to boost manufacturing in India, reports surfaced last year that one of Apple's manufacturers, Foxconn Technology, was eyeing Indian shores for manufacturing iPhones.
  • The company was reported to consider building nearly 12 manufacturing facilities in India by 2020.
  • Units in India would help Foxconn combat higher wage inflation in China and help drive sales to neighbouring markets.

  • India's expansive smartphone market
    "The smartphone boom in India indicates the time is just right to focus on expansion plans and increasing volume in India to a comparable level with the China market in the next five years," said Sky Li, Vice President of phone manufacturer OPPO.

    Where are Apple devices assembled and manufactured?
  • Currently, Apple has a fascinating line of suppliers who provide the components for assembling its massive range of products.
  • The suppliers are mostly based in South-East Asia, with a majority of them being sourced from China.
  • With most of its devices being manufactured and assembled in China, it has enabled Apple to meet high-demand manufacturing with cheaper labour costs.

  • Apple's costs vs final product cost
    Market research firm IHS's study revealed that it cost the American company $236 to manufacture an iPhone 6S Plus, whilst it charged the consumer nearly three times the cost and retailed at $749.

    Apple eyes incentives to start manufacturing unit in India
    07 Nov 2016
  • Tech company Apple is exploring multiple incentives from the Indian government to set up its manufacturing unit in the country, according to government officials.
  • Currently, the government provides benefits under a scheme that looks to attract investments by providing subsidies ad reducing the import bill.
  • Apple has no retail unit in India and sells its products through other distributors like Redington and Ingram Micro.

  • Will make most products in India: Apple tells govt
    25 Feb 2017
  • Apple, reportedly planning to start India productions with iPhone SE, has told the government its plans to manufacture most of its products here.
  • The second of Apple's two primary requests; of importing components, and of manufacturing here being cheaper than importing; will be decided on only after GST is finalized.
  • Apple's main contract makers, Foxconn, Wistron, Pegatron and Inventec, are closely watching the developments.

  • Apple's tax concession demands to be considered after GST rollout
    25 Mar 2017
  • Apple's demands for tax incentives will have to be postponed as Commerce and Industry Minister Nirmala Sitharaman said it can be considered only after the rollout of GST.
  • The government, which will have to look at Apple's demands "from a different angle", had rejected most of its other demands too, she added.
  • Apart had sought various relaxations to set up a domestic manufacturing unit.

  • iPhone: Assembly in Bengaluru will start in a month
    30 Mar 2017
  • Karnataka IT Minister Priyank Kharge said "In less than a month...Apple will start assembling and making its high-end iPhones at its plant in the city (Bengaluru)."
  • He added that "Taiwanese contract manufacturer Wistron Corp will help Apple in doing so." Assembly in India will help reduce prices of the iPhone.
  • Apple is currently seeking tax concessions on imports of several components.

  • This post first appeared on NewsBytes: Latest News, Breaking News India, Today News, Current News, please read the originial post: here

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    iPhone: Assembly in Bengaluru will start in a month


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