Apple is currently weighing up the possibility of building new manufacturing facilities in India. Its decision rests on whether it can strike a deal over perks with the Indian government. Here are some of the things the company is requesting.
Apple is reportedly planning to start manufacturing its iPhones in India, and — right on cue — a new report claims that Apple supplier Wistron has applied for fast-tracked approval to expand its factory in the Indian city of Bengaluru.
“Wistron has approached us to expedite certain clearances with regards to the augmentation and expansion of its existing unit,” said a high-ranking regional government official, who declined to be identified.
Apple has a new demand for the Indian government as it barters about stepping up its investment in the country: getting rid of the detailed product information it is asked to print onto its devices — thereby cluttering its minimalist design.
Apple recently made the request to the country’s Department of Industrial Policy and Promotion (DIPP), which forwarded the message to the Department of Revenue and Department of Electronics and Information Technology (DeITY) for consideration. No response has yet been issued.
Apple is continuing to consider manufacturing its devices in India — but it wants the Indian government to make it worthwhile.
That’s according to a new report from the Wall Street Journal, which notes that Apple recently outlined its wish for financial incentives in a letter to officials in India, and that the country’s Senior Trade Ministry authorities have since met to discuss the matter.
While Samsung garnered just 23 percent of the Rs 30,000 and up ($437-plus) market last month, Apple almost tripled this with a 66 percent share of high-end smartphone unit sales. Google’s new Pixel smartphone slid into third place with 10 percent of the market.
During tomorrow’s Apple earnings call, Tim Cook is likely to unload some bad news. Wall Street expects Apple to report its first annual revenue decline since 2001, snapping one of the most impressive streaks ever witnessed.
Slumping iPhone sales mean Apple’s annual revenue could drop to $215.67 billion for 2016. That would be a significant decline from the $233.72 billion in revenue Apple posted in 2015 — but there may be light at the end of the tunnel.
The iPhone 7 and iPhone 7 Plus went on sale in India today, as Apple continues to try and grow its brand in the country.
It’s going to be a challenge, though, as Gartner research vice president Mark Hung told CNBC’s “Street Signs” — given that the price for the new handset is more than the average Indian citizen earns in six months.