Notice that it will be built in India....now a lower cost manufacturer than China.
China’s wages have risen and the cost of doing business there is not an advantage anymore. India is the place to be for the next 10-20 years.
So, next time some FReeper talks about 50 cent per hour China wages, tell them to STFU.
Apple wanted to sell nothing but refurbs in India, the current gov't turned that down flat, and since the Indian market is potentially huge, Apple worked out a deal for assembly of phones in India. The iPhone is still pricey for the Indian market, but in a market that size, sales even to just those who can afford it will still be pretty good sized.