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.

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.

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.

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