Apple, Trump and India
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The data from Canalys, now part of Omdia, showed that U.S. iPhones shipped from India in April rose about 76% to reach 3,000,000. That's a stark contrast to shipments from China over the same period,
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
Apple’s iPhone exports from India to the US soared dramatically last month as it scrambled to avoid President Trump’s steep tariff on Chinese imports – but the big push could come at the expense of future growth.
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India Today on MSNWhy Trump is eyeing India's Apple pieApple does not make iPhones in the US, and moving assembly units there would raise the cost of an iPhone by three times
Citi reiterated its Buy rating on Apple Inc. (NASDAQ:AAPL), keeping its price target of $240 for the stock. Atif Malik from Citi maintains his rating on Apple, as he sees President Trump’s announcement of 25% tariffs on Apple Inc.
New figures from Canalys, now part of Omdia, show that iPhone imports from China into the US reached 900,000 units in April, marking a 76% year-on-year decrease.
Apple Inc.'s recent pullback is a buying opportunity. Click to explore AAPL stock's valuation, AI roadmap, and why it shows strong long-term upside.
Donald Trump threatened Apple with a 25% tariff on iPhones made outside the U.S., reportedly triggered by Tim Cook's absence from Trump's Middle East trip. Trump publicly acknowledged Nvidia's CEO Jensen Huang's presence while pointedly noting Cook's absence.