BUSINESS
Apple CEO Tim Cook reveals half of US iPhones will soon be made in India.
By Aniket Chakraborty
May 2, 2025
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High tariffs on China prompt Apple to shift production to India and Vietnam.
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India will officially be the 'country of origin' for many US-bound iPhones.
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Manufacturing costs rise just 2% in India, versus 30% if shifted to the US.
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Apple plans full assembly of US iPhones in India by 2026, reports FT.
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Trade war fallout: Apple's market value once wiped out by $700 billion.
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Foxconn and Tata ramp up Indian production by importing key components.
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Q2 2025: Apple posts $95.4 billion revenue, with iPhones leading the surge.
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Trump's 145% tariffs on Chinese goods accelerate Apple's supply shift.
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India emerges as Apple's crucial global hub amid shifting tech geopolitics.
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