US Tech Giant Apple Leaving China to Start Manufacturing US Bound iPhones in India
US tech giant Apple says it is shifting production of most iPhones and other devices to be sold in the US away from China, which has been the focus of President Donald Trump’s tariffs.
Chief executive Tim Cook says that most of the iPhones bound for the US market in the coming months will be made in India, while Vietnam will be a major production hub for items like iPads and Apple Watches.
“We do expect the majority of iPhones sold in US will have India as their country of origin,” Mr Cook said.
Apple estimated that US import taxes could add about $900m (£677.5m) to its costs in the current quarter, despite Trump’s decision to spare key electronics from the new tariffs.
The company said the US president’s escalating trade war has had a limited impact on its performance so far.
However, Apple CEO Tim Cook believes the tariffs will add £677m in costs during the current quarter, assuming Trump’s policies don’t change.
Revenue for the first three months of the year stood at £71.8bn, with earnings of £18.6bn also beating analyst expectations.
About The Author
