Majority Of iPhones Sold In The US To Be ‘Made In India’: Apple CEO Tim Cook

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SUMMARY

Apple will source most of the iPhones sold in the North American nation in the June quarter from India, CEO Tim Cook announced during the company’s post-earnings call

While Apple didn’t explicitly disclose its sales in India, Cook said that the company set a number of quarterly records in the country

Cook said that the current tariff of 145% on imports from China will hit Apple’s bottom line by $900 Mn in the June quarter

In the wake of the US-China trade…



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Majority Of iPhones Sold In The US To Be ‘Made In India’: Apple CEO Tim Cook


SUMMARY

Apple will source most of the iPhones sold in the North American nation in the June quarter from India, CEO Tim Cook announced during the company’s post-earnings call

While Apple didn’t explicitly disclose its sales in India, Cook said that the company set a number of quarterly records in the country

Cook said that the current tariff of 145% on imports from China will hit Apple’s bottom line by $900 Mn in the June quarter

In the wake of the US-China trade…



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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