iPhone 15 remains prohibitively expensive in India despite local manufacturing

News Snapshot:

When Apple begins selling the iPhone 15 models in India next week, it will supposedly be offering units that were locally assembled in the country. Apple, like every other smartphone maker, is increasingly turning India into a global hub for manufacturing its handsets. But unlike other firms, Apple is avoiding one perk to consumers: Passing the benefits. Despite the local iPhone assembly and the company’s contract partners reaping the rewards of New Delhi’s generous incentives, Apple’s iPhones remain prohibitively expensive in India. The iPhone 15, which costs $799 in the U.S., will sell for 79,900 rupees ($965) in India. The...