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Apple starts selling locally assembled iPhone XR in India

Added 10-21-19 12:03:02pm EST - “Apple Inc has started selling its popular iPhone XR phones assembled in India, a...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Apple starts selling locally assembled iPhone XR in India”. Below is an excerpt from the article.

(Reuters) - Apple Inc (AAPL.O) has started selling its popular iPhone XR phones assembled in India, as it looks to expand its share in the world’s second-largest smartphone market where it has struggled against cheaper products from rivals.

The phones are being assembled at Chinese contract manufacturer Foxconn’s India factory, helping the Cupertino, California-based company avoid high levies on the import of fully-built devices as well as meet local sourcing norms for opening its own retail stores in India.

IPhone XR boxes with an “Assembled in India” tag were seen on Monday in many of the country’s electronic product retailers, including Croma, with a price tag of 49,900 Indian rupees ($704) for the 64 GB version.

The company has slashed iPhone XR prices in India to counter a prolonged sales slowdown amid fierce competition from premium smartphones from Samsung and OnePlus.

Prime Minister Narendra Modi’s government has tried to position South Asia’s third-biggest economy as a hub for smartphone manufacturing.

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