Apple iPhone XR Attracted Hordes Of Android Switchers, Research Reveals

Apple iPhone XR Attracted Hordes Of Android Switchers, Research Reveals

Apple iPhone XR Attracted Hordes Of Android Switchers, Research Reveals

Citi Research on Friday slashed its first-quarter production estimates for Apple Inc's iPhones and almost halved expectations on the costliest iPhone XS Max, joining other brokerages in lowering forecast amid reports of weak demand. Foxconn will assemble high-end iPhones models in India, which includes the most expensive flagship devices offered by Apple, such as the iPhone X. The move suggests a significant increase in Apple's business in India.

It should be noted that it's now unknown whether Foxconn is planning to move its existing iPhone assembly from China to India.

Apple is set to begin working on its top of the line iPhone models in India in early 2019, with the organization joining forces with the local branch of Foxconn (which as of now handles a huge chunk of Apple's current iPhone manufacturing), as indicated by a report from CNBC.

Foxconn will spend $365 million to expand the plant and may create as many as 25,000 new jobs in India according to an Industries Minister in the country.

Apple spokeswoman Trudy Muller declined to comment. These users made up for 16 percent of iPhone buyers in the month after the lower-priced iPhone XR released in October. Foxconn will have to invest the equivalent of US$356 million to expand its facility which now makes phones for Xiaomi Corp.

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According to a new report by Consumer Intelligence Research Partners (CIRP), the iPhone XR made up around 32 percent of all iPhone sales in the November, its first full month of availability. While the ratio was 82 per cent this year, it stood much higher at 86 per cent last year and 87 per cent at the time of the launch of iPhone 8.

Apple's efforts to penetrate the vast Indian market have so far garnered mixed results. The Cupertino-based company wants to avoid the trade war between the United States and China.

The brokerage lowered its forecast for the number of units produced in the first quarter of iPhone XS Max, which starts at US$1,099, by 48 per cent.

This made sense geographically as India sales are now driven by models including the iPhone 8 and older.

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