Apple aims to source all US iPhones from India, FT reports

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Apple is looking to shift the assembly of all iPhones it sells in the US to India by next year, the Financial Times reported on Friday citing people familiar with the matter. The pivot away from China comes in the backdrop of US President Donald Trump‘s reciprocal tariffs, which have hit the Asian economy the hardest.Apple has been steadily building capacity in India, with contract manufacturers Foxconn and Tata Electronics. As of March, Foxconn — Apple’s largest manufacturer in India — sold shipped smartphones worth $1.31 billion in March, the…



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Apple aims to source all US iPhones from India, FT reports


Apple is looking to shift the assembly of all iPhones it sells in the US to India by next year, the Financial Times reported on Friday citing people familiar with the matter. The pivot away from China comes in the backdrop of US President Donald Trump‘s reciprocal tariffs, which have hit the Asian economy the hardest.Apple has been steadily building capacity in India, with contract manufacturers Foxconn and Tata Electronics. As of March, Foxconn — Apple’s largest manufacturer in India — sold shipped smartphones worth $1.31 billion in March, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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