According to industry sources, Apple is likely to launch four models this year: the regular iPhone 17, the iPhone 17 Pro, the larger iPhone 17 Pro Max, and the all-new iPhone 17 Air, which is expected to be thinner and more compact than any previous version.

A ‘Made in US’ Apple iPhone can cost a whopping $3,500 (more than Rs 2,98,000) in absence of a fully-integrated supply chain in the country, top analysts have said. Dan Ives, global head of technology research at Wedbush Securities,

Unhappy that Apple intends to source nearly all of its U.S. iPhones from India, President Donald Trump on Friday threatened a 25% tariff on the popular device unless the tech giant moves production to the United States.

India has also become the world’s second-largest smartphone market after China, measured by volume. The production increase by Apple’s suppliers Foxconn and Tata Electronics in southern India has been the biggest success of Modi’s “Make in India” drive to create more manufacturing jobs in the world’s most populous country.

As Apple (AAPL) struggles to resolve supply chain issues amid ongoing tariff uncertainties, its supplier, Hon Hai Precision Manufacturing, aka Foxconn, has increased investment in its Indian subsidiary.