AppleInc in the coming months will start assembling its lower-priced Iphone SE models at a contract manufacturer’s plant in the technology hub of Bengaluru, an industry source with direct knowledge of the matter said on Friday.
Apple’s Taiwanese manufacturing partner Wistron Corp is setting up a plant in Bangalore to focus solely on assembling iPhones, a separate source told Reuters earlier this month.
The Economic Times newspaper earlier on Friday reported Apple planned to initially assemble 300,000 to 400,000 iPhone SE handsets in India. The industry source told Reuters the numbers would be substantially lower to begin with.
The source also said it was too early to say what other phone models Apple would assemble at the Bengaluru.
Apple shipped 2.5 million iPhones to India last year, with a third coming in the December quarter, according to market researcher Counterpoint, which estimates that three-quarters of smartphones sold in India were made locally.
In the fourth quarter, Apple ranked 10th in India’s smartphone market but led the premium segment with a 62 percent market share, Counterpoint said.
In comparison, the entry level iPhone SE model sells on Amazon for Rs 28,433
Therefore from the above news we can conclude that Apple is going to boost its market share and become worlds fastest growing major mobile market.