Technology

WSJ: Foxconn may make iPhones in India

From “Foxconn Looks Beyond China to India for iPhone Assembly” posted early Tuesday for Wednesday’s Wall Street Journal ($)

Apple’s largest iPhone assembler, Foxconn Technology Group, is considering producing the devices in India, people familiar with the matter said, a move that could reduce Apple’s dependence on China for manufacturing and potentially for sales.

Executives at Foxconn, a contract manufacturer that assembles a large portion of the world’s iPhones in China, are studying whether to include an India project in budget plans, one of the people said. Senior executives, possibly including Chairman Terry Gou, plan to visit India after next month’s Lunar New Year to discuss plans, the people familiar said.

My take: Wait, not Wisconsin? What will the President tweet?

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.