Future iPhones could be made in India

India's smartphone market is considered the third largest in the world, so it is perhaps unsurprising that both Foxconn and Apple have their eyes on the very lucrative region.

Reuters is reporting that by building a number of Foxconn facilities in India, Apple could lower production costs and retail prices of the iPhone in that region. This would aid greatly in iPhone sales as competing smartphones are normally much less expensive than those from Apple. Additionally, the move could shakeup the competition against Quanta Computer Inc., who also manufactures and assembles smartphones in that region.

Involved parties are reportedly already deep in negotiations and contracts. Foxconn plans to send managers to India to eye out potential sites within the next month, according to the source. By 2020, Foxconn is expected to have 10 to 12 completed manufacturing plants and data centers. While the Taiwanese manufacturer is a bit more quiet on the details, Indian officials claim that these plants are expected to produce iPhones, iPads, and iPods almost exclusively.

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