Reuters has learned from Nikkei that Apple has made a decision to trim production of its new iPhones by 10 percent based off of suppliers' calculations. The report adds that Apple supplier Foxconn was at first committed to setting up a manufacturing facility in Maharashtra.
"The phones still have sold more sluggishly than expected", the outlet reported, predicting cuts in both the iPhone 7 and the larger 7 Plus lines.
Numerous firm's loyal customers are believed to be swerving the modest update served up in September.
However, he also said that assembly might not start in April next year but is more likely to start during the last quarter of 2017. While there were reports suggesting the plant would make only Apple products, but sources say that Foxconn seems to have tied up with firms such as Xiaomi and OnePlus.
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Apple is supporting more than 640,000 iOS app developer jobs and other positions related to its ecosystem across India. Currently, around 12.5 percent of import tax is levied on each iPhone sold in India. This might be bad news for Apple's stock - but it might not be all bad, considering the circumstances. Meanwhile, Apple declined to comment when asked about their proposed plans to establish a facility in India. The article notes that the smartphone company tried to learn from those mistakes by cutting production of the 7 and 7 Plus by 20% at the outset, but the phones still haven't been flying off shelves.
Apple's shares were down under 1% in midday trading. It is poised to overtake U.S. as second biggest mobile business market next year. "Apple CEO Tim Cook's multi-city India tour earlier this year signalled the growing importance of India powered by a burgeoning middle class" demand for Apple products.
What does 2017 hold in store for Apple? Apple is reaching a point at which the tick-tock schedule for the iPhone might not make sense for much longer.
In the recent round of meetings, Apple has urged the Indian government to provide incentives to manufacture iPhones and also exemption from the requirement to print product information on the devices, as it would alter the device's minimalistic design.