With a price tag of $649, Apple's (NASDAQ:AAPL) new iPhone 6s is one of the most expensive smartphones in the United States. But the U.S. price tag pales in comparison to the $955 that Indian consumers have to shell out for the same device.

Currency rate fluctuations are partly to blame for the difference in pricing, but so are the high import taxes Apple has to pay in order to sell the iPhone in India. If Apple assembled its iPhones in India, it could eliminate that tax and help drive down the cost of its devices in the country. Apple's key manufacturer, Foxconn, is building more factories in India that could be used to assemble iPhones in the near future, which could help Apple expand its sales in the all-important Indian smartphone market.

Click on the slideshow below to find out more about how Apple could lower the iPhone price in India.