According to the report, Wistron has set up a new assembly line for the almost three-year-old iPhone 6s Plus, which is now one of Apple's most popular phones in India.
The price cut will make it more competitive with the Chinese smartphone company's like OnePlus and also some premium models of Samsung.
Apple shares are up 0.4% to $174.87. With the smartphone being locally assembled, the report claims that buyers can expect the prices to drop by about 5-7 percent, but that will only come in effect once the plant increases its production capacity.
It's only when the local manufacturing plan "gains scale" will the buyers see a price correction. The Indian Government has started to tax foreign phones as it raised tariffs on smartphones from 15 to 20 percent in February. In India, the iPhone SE can be bought for as low as Rs 18,799, while the iPhone 6S Plus can be found at Rs 37,999 on ecommerce platforms like Amazon India.
Ever since government hiked the customs duty on imports, more and more worldwide brands have been pushing to set up their production locally. Apple has also started discussing with its vendors and contract manufacturers like Flex, Foxconn and Wistron to expand sourcing in India. Meanwhile, Apple has joined their hands with the local partners in India, including chargers, adapters and box packaging. Commercial production of the iPhone 6S is expected to begin in the next few weeks at Winstron's new assembly line near India's Silicon Valley.
The iPhone 6s and iPhone 6s Plus continue to be two of the most popular devices belonging to Apple and their hardware plus functionality speak volumes of their mobile computing prowess. However, the iPhone SE remained unaffected as it was manufactured in India since previous year.