Apple sells greater than 220 million iPhones a 12 months worldwide, with Counterpoint Analysis estimating a fifth of complete iPhone imports to the US now come from India, and the remaining from China.
Trump constantly elevated US tariffs on China, to face at 125 per cent by Wednesday, from 54 per cent earlier.
On the 54 per cent tariff fee, the US$1,599 value of the top-end iPhone 16 Professional Max in the US would have surged to US$2,300, calculations based mostly on projections by Rosenblatt Securities present.
SUNDAY SHIFTS
In India, Apple stepped up air shipments to fulfill its purpose of a 20 per cent improve in common manufacturing at iPhone crops, attained by including staff, and briefly extending operations on the greatest Foxconn India manufacturing facility to Sundays, the supply added.
Two different direct sources confirmed the Foxconn plant in Chennai now runs on Sundays, which is often a vacation. The plant turned out 20 million iPhones final 12 months, together with the most recent iPhone 15 and 16 fashions.
As Apple diversifies its manufacturing past China, it has positioned India for a vital function. Foxconn and Tata, its two predominant suppliers there, have three factories in all, with two extra being constructed.
Apple spent about eight months to plan and arrange the expedited customs clearance in Chennai, and Prime Minister Narendra Modi’s authorities requested officers to help Apple, one senior Indian official stated.
Foxconn shipments from India to the US surged in worth to US$770 million in January and US$643 million in February, in comparison with the vary of US$110 million to US$331 million within the prior 4 months, commercially accessible customs knowledge reveals.
Greater than 85 per cent of the January and February air shipments of Foxconn have been offloaded in Chicago, Los Angeles, New York and San Francisco.
Foxconn didn’t reply to Reuters’ queries.
