FOXCONN has been in talks with Indian Government to set up factories in India for manufacturing iPhones in India. This is a $10B facility that will be set up in the State of Maharashtra in Talegaon-Chakan and Khalapur locations according to Times of India.
http://timesofindia.indiatimes.com/tech/tech-news/Foxconn-nears-deal-to-build-iPhones-in-India-Report/articleshow/52203984.cms
Although the most populous democratic India has a large under the age 25 population the buying power is still not enough. However, if the phones can be manufactured and priced reasonably the market can be big. Forget about $499 etc. That will not fly.
Apple CEO Tim Cook appeared recetnly on CNBC to make the case.
http://timesofindia.indiatimes.com/tech/tech-news/Foxconn-nears-deal-to-build-iPhones-in-India-Report/articleshow/52203984.cms
Although the most populous democratic India has a large under the age 25 population the buying power is still not enough. However, if the phones can be manufactured and priced reasonably the market can be big. Forget about $499 etc. That will not fly.
Apple CEO Tim Cook appeared recetnly on CNBC to make the case.
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