IPhone assembler Wistron is ready to expand manufacturing operations in India. Earlier, Apple announced at its recent earnings conference call that revenues in India had doubled. India is a key market for apple, representing enormous growth potential, but also facing many challenges.
Bloomberg reported that Wistron is currently the location of the new assembly plant. According to informed sources, Bangalore is looking for Wistron about 100 acres of land, to expand its most valuable global facilities. The person said, Wistron company executives last week to visit the city, and in a short time in several plots, including one near the airport land.
According to the person familiar with the matter, they said that the * * * manufacturer started producing iPhone SE in India this year, and may also use these devices to supply other brands. Wistron did not immediately respond to requests for comment.
India is actually the next Chinese market for Apple: a country with a large population and a growing middle class. Although the lower average income means that the current market share of iPhone is only one digit, the potential of medium and long term is huge.
Apple CEO Tim Cook said last week that there's still a lot of work to be done to achieve this potential. Cook said: "the construction of the Apple Store, to establish channels, build a developer ecosystem and providing the right product lineup for the market, I think we have made good progress in there, and is gaining understanding of the market, but we still have a long way to go."
In the past, higher tariffs have been a barrier to sales, but Apple has negotiated a tax concession for assembling iPhone in India. At present, apple is seeking to reach a similar agreement with local suppliers, trying to build a small Shenzhen".