Foxconn has been assembling lower-end iPhones, including the iPhone SE, in India.
If this goes ahead, it will help Apple manufacture more iPhone models in India, helping them meet 30% requirement of locally-manufactured products in order to get clearance for opening retail stores in the country.
The company was planning to invest US$356 million (NT$10.9 billion) and create an estimated 25,000 jobs, a Tamil Nadu government minister told Reuters.
Apple's most affordable handset this year did not only win the favor of iPhone 8 and iPhone X owners, but it also managed to attract hordes of Android switchers during its first month of availability, a research report has revealed. Another insider revealed Apple is proactively pushing for the move to limit any eventual impact from the trade war that is now going on between the United States and China.
Apple spokeswoman Trudy Muller declined to comment.
A new report coming out of Reuters is claiming that Apple will soon start making its flagship iPhone models in India.
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Following the November 2017 launch of the iPhone X, 11 percent of iPhone sales were to customers upgrading from an Android. In the U.S., Xr's sales contributed 32 percent to the total iPhone sales while the combined sales of iPhone Xs and Xs Max contributed 35% to the total sale.
A report from Consumer Intelligence Research Partners found that more Android users are switching to the iPhone.
Full details of Apple's deal with Hon Hai are not yet clear and could change.
Moreover, it is also not clear if any iPhone assembly is being shifted to existing Foxconn facilities in China or somewhere else. If that goes ahead, it will be one of the biggest recent steps by a major company to secure an additional production base outside of China.
A new study has confirmed fears of disappointing demand for Apple's newest entry-level iPhone.