Apple builds iPhones in India.
This should ideally be great news, as the company will now be able to save the 20% import duty by manufacturing locally. A lower duty will help Apple reduce its bill of materials and price the iPhone 11 much more competitively by passing on the benefit to customers. But sadly, Apple has something else in mind.
What? Higher prices?
Apple does not plan to reduce prices in India despite beginning local production of the iPhone XR. That makes sense, as the iPhone XR currently retails for 44,999 rupees (roughly $630) in India, which is just 5% higher than what the device retails for in the U.S. market.
So, roughly the same price in India as in the U.S. And that’s called greed?