The iPhone 6s Plus will be the second iPhone after the iPhone SE to be manufactured in India, if we exclude the upcomingiPhone SE 2.
According to the latest info from Economic Times, Wistron, Apple's production partner has set up a new assembly line for the iPhone 6s Plus, so the phablet will start getting mass produced in a couple of weeks.
According to the report, Wistron has set up a new assembly line for the almost three-year-old iPhone 6s Plus, which is now one of Apple's most popular phones in India.
Partner Wistron has already started trial production of the iPhone 6s Plus at its Bengalore plant, where it has been assembling the iPhone SE since a year ago. According to the executives, the production of iPhone 6s Plus in India will cut down its prices by 5-7 percent. Apple has already begun a trial run at the Bengaluru plant of its contract manufacturer, Wistron.
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The company's shares, up more than 31 percent in the past year, were down more than 1.48 percent at $149.50 in premarket trading. The company reported earnings per share of $2.43, in line with analysts' average estimate, according to Thomson Reuters I/B/E/S.
Local assembly of iPhone SE has helped a lot in preventing the prices hick by 6-7 percent. Industry executives said Apple has also started discussion with its component vendors and contract manufacturers like Flex, Foxconn and Wistron to expand local sourcing, including components.
The iPhone 6s Plus 32GB now retails for Rs 37999. At such a price point, the 6s Plus will have a price similar to the entry-level model of the upcoming OnePlus 6.
It's only when the local manufacturing plan "gains scale" will the buyers see a price correction. The iPhone 6S, on-the-other-hand, accounts for nearly one-third of total sales of iPhones in India past year. The Central Government increased import duties from 10% to 15% on products like circuit boards etc. Apple's biggest competitor Samsung was insulated from the price hike as its premium smartphones are manufactured in India.
As a result, there are now five sourcing plants in India as compared to one in early 2017, as per Apple's global supplier list available on its website. Emails sent to Apple India and Wistron did not elicit any response as of press time Thursday.