Foxconn cancels plans for $5 billion investments in India

08 January 2020
The company failed to pen a deal with government authorities.

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  • Smestarz

Understand that Foxconn wanted 5 years without paying any tax.
India has a lot of cellphone users, Android sells a lot in India, its big market for Xiaomi, RealMe. Samsung, Oneplus etc, Apple is well-known player but the prices are premium. so only few people go for iphones, but given India's population, the few is also huge.

  • CT

Just because China does not let it to do so. Now China is losing financially and it cannot let Apple move away.

Nick.B, 08 Jan 2020The average salary in India is around $295 to $300. AVERAGE! Th... moreSo which country do you live in? While it is true that the majority of Indians are poor, the people who can afford an iPhone could be very significant considering the huge population.

OnePlus is the most selling premium phone here. I'm sure that a large portion of the OP buyers could afford an iPhone. Indians like to save money so unless they are teens they won't buy an expensive product. Here, people buying an iPhone are the only ones who don't know a thing about value for money and they are simply rich.

Sonu4678, 08 Jan 2020Ruined it!? That's how it should be. If you want to set up facto... moreLocals in here meant only state. That's stupid rule! Anyone from country should be able to work there. I hope some other state grabs this deal

IMMEE, 08 Jan 2020I guess you should google before adjusting your google standards... moreThe average salary in India is around $295 to $300.
AVERAGE! There are a lot of PPL with huge salary uping this number 300.
I am from poor country as well. Here average salary is 600 EUR, but my salary is 350 eur. Get my point ?
So more like $160 is my guess average person in india montly salary. Which is 160/31 makes 5$ a day, BUT you have bills,taxes,household money,and stuff. And than what is left is what you can freely spent. And it goes to 1 or 2 USD per day for free spent.
World is simple place. Simple thinking is the right calculation! :)
Eat my calculation!

  • Al

Nick.B, 08 Jan 2020No worry. When Huawei surpasses Google problems and do it's own ... moreAwesome Thanks !

  • IMMEE

Nick.B, 08 Jan 20201 of the poorest countries in the World with uping sales of the ... moreI guess you should google before adjusting your google standards. I feel sorry for your high value cheap thinking mind worth 1USD? Hope you can understand. ;)

  • Dan

Nick.B, 08 Jan 20201 of the poorest countries in the World with uping sales of the ... moreNever have I read such simplistic explanation on economy. Thank you professor.

  • Nick ka Baap

Nick.B, 08 Jan 20201 of the poorest countries in the World with uping sales of the ... moreNick, Are you from Stone age. It appears you are not having any information about India. Get well soon brother.

Note7 owner, 08 Jan 2020Man I knew it! It’s raining today in Hawaii and it’s forcing e... moreCmon dude dont act like you didnt know it.
Apple usa company.
Usa owns harrp.
Ape is using harrp to manipulate the weather in hawaii.
Huawei is one of the biggest competitors to apple.
Hawai - huawei
Illuminati confirmed.

  • Akshay_Black

Anonymous, 08 Jan 2020Make in India is a failureask xiaomi tv & mobile division , bbk electric (oppo vivo oneplus realme)

Tech Jesus, 08 Jan 2020The New Factory In India Was Just A Measure To Increase iPhone S... more1 of the poorest countries in the World with uping sales of the most expensive phones in the world 1300+ USD for the 11 pro max. Please google average money that men of India spent for a full day. Was like 1 USD or something. Could you live with 1 USD per day AND buy 11 pro max for 1400 USD ? :)

No worry. When Huawei surpasses Google problems and do it's own better Platform in 2-3 years time, Huawei will built 5 billion factory in India. No worries people of India!

  • Note 10

Note7 owner, 08 Jan 2020Redmi note 7? Are you trying to insult me? You're the only one with old but gold (color of fire) Boombstick Note 7, at least in nickname, be proud of it.

G, 08 Jan 2020Hi Note 7, Are you Galaxy note 7 or redmi note 7 or anything else? Redmi note 7? Are you trying to insult me?

  • G

Note7 owner, 08 Jan 2020Foxconn did the same thing in usa. They like to tease the locals... moreHi Note 7,

Are you Galaxy note 7 or redmi note 7 or anything else?

  • I'mPhone

Anna, 08 Jan 2020After getting all the tax incentives and subsidies from Govt of ... moreI really hope the components will be manufactured in Vietnam (which is also where Samsung makes their new phones).

  • I'mPhone

Lance , 08 Jan 2020I am from Taiwan that is Foxconn coming from. We know Foxconn Te... moreTrue. While the Apple product itself is fine, again it's who makes them. And that trade war just unnecessarily increases the price of their products.

Anonymous, 08 Jan 2020Make in India is a failureYup India needs a Donald Trump to make India great again.

Tech Jesus, 08 Jan 2020The New Factory In India Was Just A Measure To Increase iPhone S... moreMan I knew it! It’s raining today in Hawaii and it’s forcing everyone to be indoor at the malls buying Apple iPhones. It must be Apple who’s making it rain in hawaii.