Apple is coming with the latest smartphone as iPhone 13 which will be locally assembled in India. As per the reports, Apple will produce iPhone 13 through manufacturing partners like Foxconn. Foxconn is using its Chennai plant for developing iPhone 13 in India. In a report by the Economic Times, Apple was quoted as saying, "We are excited to begin making iPhone 13—with its beautiful design, advanced camera systems for stunning photos and videos, and the incredible performance of the A15 Bionic chip—right here in India for our local customers."
iPhone13 is in the process of development
Currently, iPhone 13 is in the process of being developed. Earlier, the company has begun its journey in India with the iPhone SE model in 2017, and then it produced models like iPhone 11 and iPhone 12.
Fewer chances to see price revision
The other manufacturing vendors of Apple-like Wistron and Pegatron are likely to start the production of the iPhone 12 model in India by the end of this month. As per the revision by analysts, the new model may increase the share of Apple in the Indian market, however, there are fewer chances for the prices to see a revision. Assembling smartphone devices in India saves up to 20% of the import duty for the manufacturers.
Currently, the Indian market is owned by Xiaomi with a 24 percent share and Oppo with a 10 percent share. However, being a premium brand in India, Apple owns only 4 percent of the Indian market.