Thu, 01 May 2025

Thu, 01 May 2025 Apple says most US-bound iPhones no longer made in China

The technology giant says US tariffs will add around $900m to its costs this quarter.

* Apple will shift production of most iPhones and other devices destined for the US market away from China, citing tariffs.
* India will become a major manufacturing hub for iPhones, with Vietnam taking over as the primary location for products such as iPads and Apple Watches.
* The move is in response to the Trump administration's tariffs on Chinese imports, which could cost Apple $900m in the current quarter.
* US import taxes could add 10% to Apple's costs in the current quarter, despite some electronics being exempt from new tariffs.
* President Donald Trump has repeatedly called for companies like Apple to move production back to America.
* Apple is investing $500bn across several US states over the next four years and shifting its supply chain for US-bound products away from China.
* The company's sales have been unaffected by the tariff turmoil, with revenues rising 5% in the first three months of the year to $95.4bn.
* Amazon also reported strong sales, with a 9% jump in overall revenue to $155.7bn and profits surging more than 60%.
* The tech giants are taking steps to increase their resilience in the face of tariffs, including diversifying suppliers and inventory.
* Experts say Apple's move to India is a significant shift from previous statements that only China could build iPhones.
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