Apple iPhone 7
Photograph by Sean Gallup—Getty Images

Apple Might Start Making iPhones in India Next Year

Dec 30, 2016

Apple could start producing iPhones in India as early as April of 2017, according to a new report.

The Times of India, citing unnamed industry sources, reports that Apple has partnered with Taiwanese smartphone manufacturer Wistron to assemble iPhones in Bangalore.

Due to an Indian import duty on products including Apple’s phones, the new production initiative in India will allow Apple to sell its products at a more competitive price in the world’s fastest-growing smartphone market. Apple has long eyed emerging Asian markets as a key target for its products.

Many of Apple’s products are currently manufactured by Foxconn in China.

All products and services featured are based solely on editorial selection. FORTUNE may receive compensation for some links to products and services on this website.

Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions