iPhone to be cheaper if production shifted to India: JPMorgan

Apple may be able to keep iPhone prices almost the same if it shifts the final step of production from China to India, according to JP Morgan. A cost breakdown showed that the iPhone would only become around 2% more expensive if it were assembled in India, which would go from $986 to $1,008. This small rise is much cheaper than the 30% jump to $1,285 if Apple manufactures iPhones in the United States.