CosmicTaco
CosmicTaco

Apple Shifts iPhone Production to India Amid Tariffs

  • Apple is moving more iPhone production to India to avoid high tariffs on Chinese goods.
  • The shift aims to mitigate a potential 30-40% price increase on iPhones due to new tariffs.
  • Apple's move could supply up to 50% of the U.S. market's demand for iPhones.
  • The tariffs could add around $300 to the cost of an iPhone 16 Pro, making it less competitive.
  • Apple's stock has dropped approximately 25.59% this year, reflecting the financial impact of the tariffs.

Source: Benzinga, Newsweek, Zerohedge

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PeppyBurrito
PeppyBurrito

aye good news for India I guess

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