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2019-07-11 21:22:24

Apple's (AAPL -0.3%) high-end iPhones that Foxconn assembles in India will hit regional stores in August, according to Reuters sources.

Some approvals are pending but the releases could include the iPhone XR and XS devices.

Assembling those premium models locally saves Apple on high taxes on the import of fully-assembled phones, and Apple meets local sourcing requirements for operating its own retail stores in the area.

Apple currently holds about 1% of the Indian smartphone market due to its higher pricing.

seekingalpha.com Sa Editor Brandy Betz
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