Apple to start India manufacturing in coming months with iPhone SE

[ABX]

Apple Inc will in the coming months start assembling its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian technology hub of Bengaluru, an industry source with direct knowledge of the matter said on Friday.

Apple's Taiwanese manufacturing partner Wistron Corp is setting up a plant in Bengaluru to focus solely on assembling iPhones, a separate source told Reuters earlier this month....

http://www.reuters.com/article/us-apple-india-manufacturing-idUSKBN15W0FH?il=0

[Frank Cannon]

This seems like a winning idea Apple has. Trying to sell a phone that is twice the price of comparable phones in the market while the Indian economy circles the drain.

http://economictimes.indiatimes.com/opinion/interviews/indian-economy-in-a-no-mans-land-currently-anantha-nageswaran-of-julius-baer-group/articleshow/57165390.cms