Apple CEO Tim Cook announced that India is expected to become the primary manufacturing site for iPhones destined for the US market, signaling a shift from reliance on Chinese factories. Amidst the challenges posed by US tariffs from President Trump's trade policies, Cook highlighted that Vietnam will serve as the production base for iPads, Macs, Apple Watches, and AirPods. While previous tariffs had limited effects on Apple, future duties could lead to significant cost increases, prompting the company to reconsider its supply chain strategies.
A majority of iPhones sold in the US will have India as their country of origin, indicating a significant shift in Apple's manufacturing strategy.
Trump's tariffs had a limited impact on Apple in the previous quarter, but he warned that ongoing duties could add hundreds of millions to costs in future quarters.
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