Hon Hai to set up iPhone line in India

Hon Hai to set up iPhone line in India

According to another source, the expansion will allow Apple to manufacture the more expensive models like the iPhone X line in the country.

Despite any number of stories claiming that Apple's iPhone XR isn't selling as well as anticipated, a new research report from Consumer Intelligence Research Partners (CIRP) paints a slightly more optimistic picture.

This is a substantial 33 percent jump in the number of Android users who switched to iOS after the iPhone 8 and iPhone 8 Plus were launched previous year, and a whopping 45 percent increase when compared to Android switchers in the month after the launch of iPhone X. Foxconn will have to invest the equivalent of US$356 million to expand its facility which now makes phones for Xiaomi Corp. Moreover, the sources in the state suggest that the announcement might take place on January 24, during the second Global Investor Meet slated to be held in January.

Android fans are not really happy at the pricing system of Apple but the iPhone has a huge market that swallows its products irrespective of the price. For Apple, although the sales of the old iPhone have increased, this is not enough to make up for the sales of the new iPhones. The investment could create up to 25,000 jobs, Mr. Sampath said. As per the report from CNBC, the California-based tech giant will begin assembling the iPhones via Foxconn's assembly by early 2019.

More news: Sydney Test: Australian quicks fit and firing after exhausting loss at MCG

No doubt, Apple is seeing a decline in its overall sales volumes across the world.

For the 30 days following the launch of the iPhone XR in October 2018, Apple has managed to attract more Android users to its phone in the United States. CIRP reported in June that Android users were more likely to switch to Apple's cheapest model, which at the time of the report was the iPhone SE, because they were hesitant to splurge on the iPhone X.

Foxconn wants to hedge its risks in the wake of what has been happening between China and the US.

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.

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