Apple, Trump and India
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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
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,
Apple Inc. (NASDAQ:AAPL) is reportedly pushing forward with a major supply chain expansion in India through its top manufacturing partner, Foxconn, also known as Hon Hai Precision Industry Co. Ltd. (OTC:HNHAF).
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.
The move to India is angering both Beijing, which wants the iPhone maker to maintain its manufacturing in China, and President Trump, who has continued to pressure Apple to move all of its
The president floated a 25% tariff on iPhones imported into the U.S. on Friday, adding that Apple (AAPL) would foot the bill.
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Apple is now exporting more iPhones to the U.S. from India than China for the second month running, a clear sign of shifting production priorities.