India, Donald Trump and Tariffs
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That’s not to say tariffs won’t hurt; CEO Tim Cook said tariffs will likely cost the company $1.1 billion this quarter. But analysts say Apple has bigger concerns, such as its future product strategy and approach to artificial intelligence, a burgeoning field that the tech behemoth is perceived to be behind in.
The entire iPhone 17 series will be made in the country ahead of the global release in September. The shift follows a push by President Donald Trump for U.S.-based production and a threat of possible tariffs on imports.
Despite Donald Trump's warning over Russian oil India still buys it from the latter, similarly one big decision is taken by Iphone maker Apple linked to India.
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ABP News on MSNApple’s iPhone Manufacturing In India Hit As Foxconn Recalls 300 Chinese Engineers, Says Report
The engineers were reportedly engaged in setting up a display module assembly unit in Tamil Nadu, a project backed by an investment of Rs 13,180 crore.
Apple is making a big shift in its global supply chain for the first time; every model of the upcoming iPhone 17, including the premium Pro versions, will be assembled in India.
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Cryptopolitan on MSNIndia gets more Apple production as White House ups pressure on oil deals
Apple is pushing more iPhone production into India while the White House hits the country with new trade threats over its growing ties with Russia.
The president also touted agreements over hundreds of billions of dollars in foreign investment into the United States.
Apple is investing another $100 billion to expand its operations in the United States, the company announced on Wednesday, as President Donald Trump said he would levy a large import tax on chips coming into the country.
Apple Chief Executive Tim Cook kicked off a plan to manufacture iPhones in India years ago. It was one of a series of savvy moves, along with a newly announced $100 billion U.S. investment, that have helped the company avoid President Trump’s recent tariff threats.