Citi cuts Q1 iPhone production estimates on weak demand

It's important to note that Foxconn won't be assembling just any iPhone in India, but its top-of-the-line X series. The report further suggests that Foxconn may invest around $356 million to expand its plant in Sriperumbudur, Tamil Nadu. The investment will create up to 25,000 jobs in the country and reduce Foxconn's (and Apple's) manufacturing presence in China. It was not known whether the plans for Tamil Nadu included moving production out of China, where fears of the trade war with the United States have caused Taiwanese investors to look for alternatives, including returning to the island.

The iPhone XR - this year's cheapest model despite being priced at a stiff $749 - accounted for 32 percent of the iPhone market during its first month in stores, according to a study released Wednesday by Consumer Intelligence Research Partners.

Apple spokeswoman Trudy Muller declined to comment.

With frequent reports of waning XR sales in specific regions, it looks like Apple's marketing machine is kicking into high gear. The company reduced the prices for iPhone X past year since it introduced new 2018 iPhones models globally. Flipkart Mobiles Bonanza Sale 2018: Huge Discounts on Apple iPhone XR, Realme 2 Pro & Xiaomi Poco F1.

Phony Alexa 'Setup' App is Topping Apple's App Store Charts
In total more than a billion products were shipped for free worldwide to Amazon Prime subscribers this season. Thousands of customers donated toys to Toys for Tots via Alexa and Amazon matched each donation, toy for toy.

Complete details about Apple's deal with Foxconn are not yet clear.

If this goes ahead, it will help Apple manufacture more iPhone models in India, helping them meet 30% requirement of locally-manufactured products in order to get clearance for opening retail stores in the country.

Indian taxes on import of devices and components have also heightened Apple's headache in a market where it has only a 1 percent share by smartphone shipments.

Apple has been trying to make its iPhones more broad-based in terms of the user community.

Related News:

  • Two Vietnamese tourists killed, 10 injured in bus blast in Giza, Egypt

    Two Vietnamese tourists killed, 10 injured in bus blast in Giza, Egypt

    The official statistics agency says tourists arrivals in Egypt in 2017 reached 8.2 million, up from 5.3 million the year before. The bus was carrying 14 Vietnamese tourists and two Egyptians - the bus driver and a representative of the tourism company.
    Dow Jones soars more than 1,000 points in largest single-day increase

    Dow Jones soars more than 1,000 points in largest single-day increase

    In saying this, though unsubstantial, Wall Street's momentum looks likely to carry our market higher .' Mr Rodda said . In Asian markets, the Nikkei 225 index rebounded 3.9 percent, while South Korea's Kospi was little changed.
    Australia v India: Tourists build up third Test lead in Melbourne

    Australia v India: Tourists build up third Test lead in Melbourne

    The next pair then batted with more patience and cut down on attacking strokes for the next hour. The visitors were struggling at 54/5 in 27 overs in their second essay but had the upper-hand.
  • Tsunami warning after 6.9 magnitude quake rocks Philippines

    Tsunami warning after 6.9 magnitude quake rocks Philippines

    An quake of 6.9 magnitude has struck off the southern Philippine island of Mindanao, the Pacific Tsunami Warning Center says. February 1996: A tsunami caused by an natural disaster near Biak causes some waves to rise to an estimated 21 feet high.
    The Land Rover Defender Will Return To The US - At Over $55,000

    The Land Rover Defender Will Return To The US - At Over $55,000

    The U.S. only received a few years' worth of Series Land Rovers , with sales ending here in 1974 before resuming again in 1993. That said, these images make it clear that the next Land Rover Defender won't stray far from the original, visual formula.
    Motorola P40 specifications and design leaked

    Motorola P40 specifications and design leaked

    There's now no word on the P40's release date or pricing, but even so, is this a phone you think you'll consider buying in 2019? Well, although the Motorola P40 has been showing with an in-display selfie camera in the renders there's something different.
  • Hosni Mubarak, Morsi confront each other in court

    Hosni Mubarak, Morsi confront each other in court

    During subsequent appeals, the former president frequently appeared on a gurney or in a wheelchair, looking on the brink of death. Walking with a stick and accompanied by his sons, Gamal and Alaa, Mr Mubarak, 90, entered the Cairo criminal court yesterday.
    Sears to close 80 more stores ahead of possible bankruptcy

    Sears to close 80 more stores ahead of possible bankruptcy

    This latest round of closings would take Sears closer to 400 remaining stores, not the 500 it was seeking to continue to operate. The latest announcement comes a month after the company said 40 Sears and Kmart locations will be closed by February 2019 .
    Nationwide CenturyLink internet outage affects Kansas

    Nationwide CenturyLink internet outage affects Kansas

    The county's 311 service appeared to be unaffected, the agency said, and its 911 text message service also still functions. Some CenturyLink customers across the country were without the internet as outages stretched from NY to California.
  • Thailand's legislature legalises medical use of marijuana

    Thailand's legislature legalises medical use of marijuana

    The country also legalized kratom , a tropical evergreen tree belonging to the coffee family long used in traditional medicines. Producers, purveyors, and researchers would need licenses to handle the drugs, whereas the end-users will need prescriptions.
    Odisha Fire Services Team Leaves for Meghalaya to Help Rescue Trapped Miners

    Odisha Fire Services Team Leaves for Meghalaya to Help Rescue Trapped Miners

    National Disaster Response Force (NDRF) divers made yet another attempt on Friday but did not get any success. Mining was banned in mineral-rich Meghalaya in 2014 after people said it was polluting water bodies.
    ‘Aliens’ descend on New York City as freaky  power explosion confuses onlookers

    ‘Aliens’ descend on New York City as freaky power explosion confuses onlookers

    Mayor Bill de Blasio spokesman Eric Philips added that "scattered" power outages were reported elsewhere. Power had been largely restored to LaGuardia by 11 p.m. and the airport was resuming normal operations.


Most liked

How Prince William Gave Meghan Markle, Prince Harry Cold Shoulder On Christmas
News in a report published Wednesday. "She was doing her duty as a royal with the crowds, shaking hands, etc.", she added. "We're almost there", the duchess told a woman named Karen Anvil when asked about her due date.

Art historian Sister Wendy Beckett dies aged 88
With her vast black habit and her ability to extemporise to camera about works of art she captured the public's imagination. Her last television documentary was 2002's "Sister Wendy at the Norton Simon Museum", which is in Pasadena, California.

Indonesia raises alert level for Anak Krakatau, Asia News & Top Stories
It was later forced to issue a correction and an apology as it pointed to a lack of early warning systems for the high death toll. I am traumatized by the tsunami that I only knew before from the news", said Kusmiati, who also uses one name.

Ramsey agrees Juventus deal
But PSG are reportedly looking to steal a march by offering Arsenal the chance to get some cash in for Ramsey with an earlier deal, and will offer £9m to secure him next month.

Mick Mulvaney: Pelosi Standing in Way of Compromise to End Shutdown
The shutdown is forcing hundreds of thousands of federal workers and contractors to stay home or work without pay. Trump had said during his campaign that Mexico would pay for his promised wall, but Mexico refuses to do so.

Wells Fargo to pay states $575 million over sales practices
The state of Utah will receive $10 million in the settlement, paid to the Utah Division of Consumer Protection, said Francine A.

Miley Cyrus And Liam Hemsworth Are Married! See Photos From Wedding
Last night the singer shared loved-up photos of her and Hemsworth, the two reportedly married on Sunday. The pair happily greeted starstruck fans while making their way through the venue.

Brother Of Murdered California Officer Gets Emotional Thanking Law Enforcement
Two other men were taken into custody Friday, including Arriaga's brother, who allegedly lied to cops and helped him escape. The arrest was confirmed by the Fresno County Sheriff's Office and Kern County Sheriff's Office .

8-Year-Old Who Died in Border Control Custody Had the Flu
Nielsen also pledged that all children in the future will receive a "more thorough" medical screening after they are apprehended. And on Christmas Eve, an 8-year-old boy died after he was taken to a hospital, released, then returned to the hospital .

Ohio’s minimum wage increasing in 2019
Denying minimum wage increases voted through or likely passed by ballot referenda disproportionately affect communities of color. And the rest of NY state workers will see the minimum wage go up to $11.10 per hour, reaching $12.50 by 2020.

Flipkart Says New E-Commerce Rules To "Have Long-Term Implications"
The new rules are aimed at clamping down on monopolistic behavior by gargantuan transnational e-tailers. However, the curb on exclusive deals will hurt both Amazon and Flipkart , besides several others.

When Is Meghan Markle's Due Date? Pregnant Duchess Says 'We’re Nearly There'
Back in May 2017, Markle said that she doesn't wear Victoria Beckham's clothing because she doesn't like the way it looks on her. The Duchess of Sussex spoke to a fan prior to Christmas Day church services in Sandringham and said she's nearing her due date.

Massive internet outage impacting CenturyLink customers
Residential customers have also tweeted some harsh words, mostly about the lack of updates and customer service from CenturyLink. CenturyLink says customers are experiencing disruptions in phone and internet service in several states, including Minnesota .

N. Korea to keep momentum for dialogue through New Year's speech
The ministry plans to expand the definition of enemy to include the phrase, "Every force that threatens South Korea is an enemy".

LeBron James’ consecutive games streak ends at 156
That said, ESPN's Adrian Wojnarowski reports that the team is preparing for the four-time NBA MVP to miss multiple games. Bogdanovic finished with 23 points and Fox added 15 points, 12 assists and nine rebounds for Sacramento.