Citi cuts Q1 iPhone production estimates on weak demand

Apple’s iPhone XR is boosting the number of Android switchers

"Widening iPhone manufacturing in India through Foxconn will allow Apple to hedge the risk of any new USA trade policies", said Navkendar Singh, an associate research director at International Data Corporation.

According to a Reuters report, Apple will start assembling it's iPhones in India via the local unit of Foxconn. It already makes phones for Chinese handset maker Xiaomi Corp at its Sriperumbudur plant. M. C. Sampath, the state's Industry Minister, said the Foxconn will invest $356 to expand the plant.

Apple’s iPhone XR is boosting the number of Android switchers

The news comes hot on the heels of trade war between USA and China where Apple is expected to get a hit due to tariffs, with one previous report already indicating that Apple will move manufacturing out of China if tariffs hit 25%. This move by Apple with Foxconn in India is undoubtedly an advantage for iPhone enthusiasts who can no longer burn their pocket to buy a top-end iPhone, as there would no more be custom import duty charges. The iPhone SE and iPhone 6S were also assembled in the country by a plant operated by another major Taiwan-based manufacturer, Wistron Corporation, in the Bengaluru technology hub.

The analyst has almost halved expectations on the top-end iPhone XS Max while expecting the Cupertino company to produce 45 million iPhones for the quarter, down from its earlier forecast of 50 million.

Flights suspended at Hanover airport after auto breaches runway
Police said they couldn't give further information on where he came from because he wasn't carrying an identity card. Police charged that the suspect had tested positive for cocaine and amphetamines, according to local media reports.

More strikingly, the brokerage lowered its forecast for iPhone XS Max production in particular by 48%.

According to a new report by Consumer Intelligence Research Partners (CIRP), the iPhone XR made up around 32 percent of all iPhone sales in the U.S.in November, its first full month of availability. The investment will create up to 25,000 jobs in the country and reduce Foxconn's (and Apple's) manufacturing presence in China.

Spurs Star Extends Contract But Can Leave For £25million
When asked whether Spurs intend to trigger the clause, Pochettino told a news conference: "Yes, for sure, it's obvious". The Argentine coach wants the team to play at that stadium as soon as it is ready, even it is late in this season.

Apple did not immediately respond to a Fortune request for comment on the report. The Cupertino-based company wants to avoid the trade war between the United States and China.

Koreas' Plan to Reconnect Road, Rail Links Held Up by Sanctions
They agreed in their Pyongyang summit in September to hold the groundbreaking ceremony before the end of this year. Earlier in the day, a special Kaesong-bound train transported some 100 South Koreans to the ceremony.

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