Apple to set up iPhone manufacturing unit in Bengaluru

Elbert EdwardsЯнв 01, 2017

Apple also sought clarity about the various offers under the modified special incentive package scheme, which is created to boost electronic manufacturing in India. But the report quoted industry sources who said that the production will start from April, next year.

Earlier Friday, Drexel Hamilton analyst Brian White called Apple one of his top IT hardware and software stock picks for 2017.

"Given the extent of local government support for iPhone manufacturing, there's a lot that China could do to make life less comfortable for Apple without driving iPhone manufacturing out of the country", says The Street. It had made similar proposal before, but the government rejected it. Apple also wanted an amendment in the labelling norm of the government to retain the aesthetic value of its products.

Читайте также: Massachusetts Lawmakers Quietly Pass Bill Delaying Adult-Use Market Rollout

Local manufacturing is expected to help Apple price its phones more competitively in India as it now attracts 12.5 per cent additional duty on imports. The facility will open early next year. In May this year the company said it would establish a Design and Development Accelerator in Bengaluru, which the company is calling as first-of-its-kind center to support developers creating mobile apps in India. For the fourth quarter of 2016 the company is expected to have sold 78 million iPhones - up from 75 million during the fourth quarter of 2015. The company's net profit grew 21% to Rs 294 crore during the same period with deeper retail penetration and lower prices for older iPhone models that garnered a huge user base. Apple will also bring their full suite of in store experiences, like training and Genius bars, to improve service and warranty standards in India, which have usually had mixed reviews.

For more information on what's possible in the next year for the iPhone, have a peek at the timeline below.

Bangalore is the only city in India and the second city in Asia to make it to the "Global startup ecosystem ranking". In fact, judging by the report, Bengaluru only ranks behind Berlin in terms of growth in the startup space and is the seventh largest investment destination in the world.

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