It’s been rumored for some time now, but according to a new report Apple’s main manufacturer Foxconn is on the verge of bringing iPhone production to India, thanks to a new manufacturing plant likely to be based in Maharashtra.
Talks between Apple and German carmakers Daimler and BMW have fallen apart, after Apple sought to strike a deal with the companies for its electric car project.
BMW and Apple have been rumored to be talking about a partnership for nearly a year now. Apple supposedly wanted to use BMW’s i3 carbon fiber body as the basis for its car but it appears that the company will have to go solo for now.
The “Panama Papers” leak of 11.5 million documents from ultra-secretive Panamanian law firm Mossack Fonseca has already named and shamed heads of state, government officials, business owners and celebrities who reportedly evaded tax thanks to the scheme.
But one name which hasn’t been talked about too much is Apple supplier Foxconn, which is accused of evading taxes of up to a massive $22.86 billion via investments in Panama — although the company denies that this is the case.
Two Apple partners, Foxconn and Samsung, are battling it out to provide Apple with next-gen displays for future iPhones.
Samsung, a leader in OLED display research and AMOLED production, is reportedly “on the fast track” to building a dedicated facility with the sole purpose of supplying the high-quality displays to Apple.
Foxconn, meanwhile, recently acquired money-losing display maker Sharp, with the main impetus being to help Foxconn become a market leader in AMOLED panel production.