Trump reiterates 25% tariff threat on Apple iPhones
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ABP - Live on MSNIndia emerges as global iPhone hub as Apple boosts manufacturing amid global shifts"India is rapidly emerging as a global center for high-tech manufacturing, driven by progressive initiatives like the Production Linked Incentive (PLI) scheme and the consistent efforts of the Indian government,
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.
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.
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Stocktwits on MSNApple’s India Ambitions Gain Momentum As Foxconn Invests $1.5B In Local iPhone Assembly ArmAs 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.