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Apple Plans to Move US-Bound iPhone Assembly to India From China, Report Says [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
the U.S. to India, as President Donald Trump's tariffs prompt companies to lower their exposure to China. According to the Financial Times , the tech giant plans to build the more than 60 million iPhones sold every year in the U.S. in India by the end of 2026. Apple's pivot away from China would mean doubling its iPhone production in India, the report said. Apple ( AAPL ) reportedly is planning to move the assembly of all iPhones it sells in the U.S. to India, as President Donald Trump's tariffs prompt companies to lower their exposure to China. Trump's tariffs are threatening to upend Apple's business in China, where it makes of its hardware. The White House has imposed import taxes of 145% on the Asian country, although there is a carve-out for smartphones and other consumer electronics. Beijing has retaliated with 125% tariffs on U.S. goods. According to the Financial Times Friday, the tech giant plans to build the more than 60 million iPhones sold every year in the U.S.
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