From CNET: Apple will be sourcing almost its entire line of iPhones sold in the US -- about 60 million phones a year -- from assembly facilities in India, CEO Tim Cook said Thursday. The planned move comes against the backdrop of the Trump administration imposing tariffs against China of up to 145%.
The tech giant is predicting a $900 million impact to Apple's costs this coming quarter if tariff policies, rates and applications stay as they are right now.
"For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin," Cook said during Apple's Q1 earnings call on May 1, "and Vietnam to be the country of origin for almost all iPad, Mac, Apple Watch and AirPods products sold in the US."
It comes as some products such as mobile phones and computers have been exempted from those tariffs for the time being. Apple has long centered its iPhone production in China, making it vulnerable to any trade war between the two countries and spurring speculation that tariffs could mean price increases for the company's biggest-selling product.
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