In a clear signal that India is Apple’s next growth market, Taiwanese smartphone manufacturer Foxconn’s Chairman Terry Gou said, here on Monday, the company would begin mass production of iPhones in India this year.
Addressing an event, Gou said the move “will get Foxconn more deeply involved in the development of the country’s smartphone industry”, reports Patently Apple. “In the future, we will play an important role in India’s smartphone industry,” Gou said.
The 69-year-old billionaire founder and Chairman of Foxconn Technology Group also revealed plans to retire, signalling handing over of the baton to young management that would run the world’s largest electronics contract manufacturer.