This price may go down to $1000 United States dollars once Foxconn starts making iPhones in India.
Foxconn already makes smartphones in India for the Chinese brand Xiaomi.
Apple created quite a buzz when it launched three new iphones- iPhone XR, iPhone XS and iPhone XS Max- earlier this year. And, this investment is expected to generate jobs for at least 25,000 people. Another insider revealed Apple is proactively pushing for the move to limit any eventual impact from the trade war that is now going on between the United States and China.
Until now, Apple has only assembled the lower-cost SE and 6S models in India through Wistron Corp's (緯創) local unit in the Bengaluru technology hub.
The Hindu recently reported it, wherein the newspaper underlined that Foxconn plant would be initiating the production of several iPhones.
It is possible that Apple would also re-start the production of the iPhone X in the Indian Foxconn plant in a move to capture a bigger chunk of India's rapidly growing mobile phone market.More news: Judge Rules Harvey Weinstein Must Face Remaining Rape Charges
A report from Consumer Intelligence Research Partners found that more Android users are switching to the iPhone.
Full details of Apple's deal with Foxconn are not yet clear and could change.
Importantly, Foxconn will be assembling the most expensive models, such as devices in the flagship iPhone X family, the source said, potentially taking Apple's business in India to a new level.
Apple spokeswoman Trudy Muller declined to comment.
The report also indicates that Foxconn will be responsible for manufacturing of iPhones in India as opposed to Wistron which is now manufacturing lower-end, budget iPhone models in the country.