2023-06-01 16:34:20
New information from Archyde.com realize that the government of India granted land in the state of Karnataka, located in the south of the Asian country, for the Foxconn — one of the largest and oldest suppliers in the Apple.
Still according to the government, the forecast is that Foxconn will start producing iPhones in the region in April of next year. According to the details of this concession, the manufacturer will take possession of the land from the 1st of July, which gives it just under a year to prepare for the undertaking.
The prediction of the local authorities is that this new venture by Foxconn, valued at $1.6 billiongenerate regarding 50 mil work stations. For all this to be possible, however, the company had to pay US$37 million to gain access to the land, which is regarding 1.2 million square meters.
This new factory, it is worth noting, is part of Foxconn’s US$700 million investment in new facilities in the country, which was announced last March. The manufacturer expects to generate something around 100 mil jobs in India in the near future.
At both Foxconn and Apple, as noted by AppleInsiderthey made a lobby quite intensely once morest the government of Karnataka in order to have the state’s labor laws relaxed. Now, the factories in the region can operate in two shifts of 12 hours a day.
Apple Stores in India have record sales
Speaking of India, the two newly opened Apple stores in the country seem to have started their journeys with a bang. Also according to information from AppleInsidera Apple BKC it’s at Apple Saket outperformed all other retailers in their first month of operation.
According to two unnamed executives in the sector, responsible for disclosing this information, the two stores earned something between $2 million e US$3 million — that is, twice as much as other stores in the field usually earn in the same period.
The two company-owned Apple Stores in India are setting new standards in terms of absolute revenue and per square foot. This is due to the fact that the average selling price of Apple products is much higher, which leads to higher revenue, and (since) turnout is still high, with both stores remaining fully booked on any given day. .
Apple BKC, even, would have already raised to the Top 10 of the most profitable Apple Stores worldwide. On the first day alone, the store earned regarding $1 millionfar surpassing the revenue of several competitors, which usually earn between US$240 thousand and US$360 thousand in an entire month.
Both stores, it is worth noting, attracted regarding 6 mil visitors during their respective inaugurations. We covered the opening of both Apple BKC and Apple Saket, remember.
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