INSUBCONTINENT EXCLUSIVE:
XR phones assembled in India, as it looks to expand its share in the world's second-largest smartphone market where it has struggled
against cheaper products from rivals.The phones are being assembled at Chinese contract manufacturer Foxconn's India factory, helping the
Cupertino, California-based company avoid high levies on the import of fully-built devices as well as meet local sourcing norms for opening
its own retail stores in India.iPhone XR boxes with an "Assembled in India" tag were seen on Monday in many of the country's electronic
product retailers, including Croma, with a price tag of Rs 49,900 Indian rupees for the 64 GB version.The company has slashed iPhone XR
prices in India to counter a prolonged sales slowdown amid fierce competition from premium smartphones from Samsung and OnePlus.Earlier this
year Reuters had reported that the company would assemble its top-end iPhones in India.Apple did not immediately respond to a request for
comment.Apple is also looking to use India as an export hub to soften the impact of an ongoing trade war between the United States and
China.(This story has not been edited by TheIndianSubcontinent staff and is auto-generated from a syndicated feed.)Follow
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