Apple may soon leave the Middle Kingdom, completely relocating the production of its
Jobs and low taxes
Foxconn will have to invest in expansionproduction capacity, for which management has allocated nearly $ 400 million. Such maneuvers will create a quarter of a million jobs in India, and the Ministry of Industry of the country is pleased. For the Cupertino company, expanding Taiwanese production means the ability to produce more expensive models from its iPhone X in India. Whether Foxconn will move a customized assembly line from China to India, or start building a new one, is still unknown.
The company is the largest contract in the worldand has manufacturing facilities in many countries, including the United States. Only current problems with trade wars make it necessary to change the strategy for further development. Already, Foxconn is considering the option of placing capacity in Vietnam, this will minimize the consequences of the economic disputes of the two giants.
India is not less, but China is richer
In due time, having begun production of model iPhone SEin the Indian territory, Apple planned to reduce the tax burden, and it turned out that for Indian buyers and so an inexpensive smartphone has become even cheaper. The new smartphone even competed with previous models, released a year and two years ago. India is a fairly large market, as the consumer of smartphones is second only to the Middle Kingdom, however, most of the inhabitants have a low income. According to this indicator, the country ranks 112th in the ranking. Where in the list of 164 countries.
The leader of the Indian market at the moment is Xiaomi products, while the share of Apple products dropped to two percent.