Apple is targeting to transfer the assembly of all US iPhones here in India by 2026 says the report of Financial Times on Friday.
Apple Decides to Pack-up from China. But Why? Know it all Here:-
If you are well aware about what is happening worldwide then it is sure that you have certainly not missed the tariff strategy by Donald Trump the president of the United States. The way Trump slapped tariff on China and other nations, have surely taken a toll on the international market affecting the Asian economy the most.
The reports further stated that soon after Trump announced the tariff structure before the world, Apple immediately exported the entire lot of iPhones manufactured in India to the United States to get a relief from the heavy tarrifs Trump imposed on China earlier this month.
As per the statement of international data corporation in 2024 the US has globally accounted for 28% of the total shipment of iPhone which is 232.1 billion.
Apple Partners With the Manufacturers in India
The brand is gradually setting up its hold in India with the support of manufacturers like Tata Electronics and Foxconn. In the month of March Foxconn singularly has sold shipped iPhone totalling around 1.31 billion dollars making it the highest sold ever in a single month. On the other hand export of iPhones by Tata Electronics jumped over by 63% than the last month that worths to approx $612 million.
The brand targets to source over 60 million iPhones by 2026, the number that is annually sold in the US. This target means that the brand would double up the production of iPhone in India that comes after heavy investment in China over years and actually made it take giant with $3 trillion.
Is the Brand Totally Free From China's Hold?
This yet does not free the company from the Chinese market as its still depends on the suppliers from China for the components needed to manufacture the product.
