Apple to start manufacturing iPhones in Bengaluru
Advertisement
Advertisement
The move has been confirmed by the top officials of the company andaccording to the sources, the facility will start production from next April.
They also said that Apple is "very serious" about beginning assembly operations -and thereafter full manufacture - in India by the end of next year.
"Bangalore is being looked at seriously," multiple sources within the company, told ET. Local manufacture will help Apple price its phones competitively as full imports attract 12.5% additional duty.
Foxconn, Apple's largest Taiwan-based OEM, earlier committed to setting up a manufacturing plant in Maharashtra. The assumption was the plant would make only Apple products. But sources say
Advertisement
The revenue numbers speak for themselves. Apple India clocked robust sales touching Rs 9,997 crore in the 2016 financial year, up 56% from Rs 6,472 crore, previously. The company's net profit grew 21% to Rs 294 crore during the same period with deeper retail penetration and lower prices for older
Apple has published job openings on its portal for a few positions at its OEM's factory in Bengaluru like operations program manager and product quality manager.
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market