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Apple To Manufacture High-End iPhone Devices in India Starting From 2019

According to a source cited by Reuters, Apple will start manufacturing high-end iPhone smartphone in India in 2019, looking to move beyond China as a line of assembly for its devices. The Cupertino-based company wants to avoid the trade war between the United States and China.

Currently, Apple relies on Foxconn which is a Taiwanese manufacturer with factories in China, Malaysia, and other countries in the world. Foxconn’s Longhua Science and Technology Park in Shenzhen, China, is currently producing the majority of the iPhone devices for Apple.

However, as reported by an undisclosed source for Reuters, in 2019, Apple will start using Foxconn’s factory in Sriperumbudur in Tamil Nadu to manufacture its high-end iPhone smartphones, such as iPhone X series, among others. At this moment, Apple is producing its iPhone SE and iPhone 6S series in India.

Apple To Manufacture High-End iPhone Devices in India Starting From 2019

“Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter,” Reuters reports.

According to Reuters, the Foxconn’s factory in India is currently producing Xiaomi phones, while the Cupertino-based company, Apple, is using the Taiwanese Wistron Corporation’s facilities in Bengaluru to assembly its low- and mid-range smartphones such as iPhone SE and iPhone 6S.

Apple’s decision to move out of China in order to manufacture its high-end devices in India is undoubtedly the Cupertino-based company’s measure to avoid the costs of producing its devices in China under the perspective of the growing trade war between the US and China. In this regard, Foxconn already informed that the financial conflict between the US and China make it impossible for Apple to continue its operations in the most-populated country in the world.

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Crypto News

eBay Could Add Cryptocurrency Payments As It Joined Enterprise Ethereum Alliance Along With Foxconn And PwC

The most famous association of companies focused on blockchain research, the Enterprise Ethereum Alliance (EEA), has just added 74 new members, including eBay, Foxconn, the Taiwanese multinational technology products company, and the international consulting firm PwC. Exciting is the addition of eBay which could finally add cryptocurrency payment method, hopefully.

Foxconn to work on smart supply chain contracts within the Enterprise Ethereum Alliance (EEA)

The Taiwanese technology company, a producer of equipment such as iPad, Kindle, PlayStation 4, among others, invested in the fundraising for the Abra Bitcoin wallet, which raised $35 million.

Also, it was chosen to develop the smartphone focused on cryptocurrency market and blockchain conceived by Sirin Labs. Foxconn’s addition to the EEA is likely to be oriented towards the use of smart supply chain contracts for its products.

eBay could finally add cryptocurrency payment method

The integration of eBay into the EEA marks a new milestone for companies interested in using blockchain in their operations. Already in the past, this online auction platform, which achieved a net revenue of $9.6 billion by the end of the last fiscal year, made public its interest in beginning to accept Bitcoin (BTC) as a payment method. And although at the moment it has not revealed its intentions within the EEA, it is very likely that these will be oriented towards facilitating the management of cryptocurrency transactions in its platform.

PwC has been involved with blockchain before

PwC’s history in the blockchain field is much longer and more diverse, and its reliance on cryptocurrency has reached the point of accepting Bitcoin (BTC) payments at its Hong Kong headquarters. Among its latest actions related to the crypto-verse, there is the testing of a tool to track the global footprints of crypto-actives issued in ICOs.

With its integration into the EEA, it accompanies Deloitte as two of the so-called big four consulting firms within the of the Enterprise Ethereum Alliance.

Including these three companies, eBay, Foxconn, and PwC, another 71 new members joined the Enterprise Ethereum Alliance, a network of over 500 members including Fortune 500 companies, startups, academics and technology experts, blockchain and Ethereum-based companies.

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