Go Unlimited with Magzter GOLD
Get unlimited access to 9,500+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Apple's US tariff-led $900 million pain is India's gain
Mint Mumbai
|May 03, 2025
Analysts warn of long-term volatility and uncertainty in Apple's business environment due to the trade war
Thanks to US President Donald Trump's tariff hike in April, Apple is importing most of the iPhones being sold in the US from India this quarter, disclosed Tim Cook, the tech giant's chief executive, late on Thursday. He said the US tariffs have significantly impacted the iPhone makers' supply chain without ironing China out entirely, in his response to a question by Erik Woodring, managing director of US technology hardware equity research at Morgan Stanley, during Apple's March quarter post-earnings analyst call.
This story is from the May 03, 2025 edition of Mint Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 9,500+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Mumbai
Mint Mumbai
The world sees hope for a two-state solution. Israelis and Palestinians see none.
Rising global chagrin with Israel is leading to a push to revive the two-state solution. This may be its last chance
5 mins
September 22, 2025
Mint Mumbai
PRIVATE CAPITAL REVIVAL STAYS ELUSIVE. ARE INVESTORS TO BLAME?
Even before Aamir Khan immortalised the character of Rancho in the movie Three Idiots, Bertie had met a real-life Rancho. Duke was Bertie’s senior and dorm-mate in college, and it was well-known on campus that he would join his family business after graduating.
2 mins
September 22, 2025
Mint Mumbai
The myth of market buoyancy has multiple holes in it
A recent research report from a prominent Mumbai brokerage house has shocked Indian capital markets by lifting the veil over the Indian stock market's nonperformance.
3 mins
September 22, 2025
Mint Mumbai
Govt scans prices for profiteering as tax cuts kick in
As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.
3 mins
September 22, 2025
Mint Mumbai
Vengeance is far harder to carry out than it may seem
n June last year, aman named Renukas-wamy, who worked ina medical shop, was found dead miles away from home in a drain in Bangalore.
4 mins
September 22, 2025
Mint Mumbai
H-1B fee hike spells gloom for Indian IT
Bigger firms may handle costs better, other sectors affected too
3 mins
September 22, 2025
Mint Mumbai
PM asks small businesses, states to back swadeshi movement
Prime Minister Narendra Modi on Sunday appealed to states and micro, small, and medium enterprises (MSMEs) to play a key role in boosting the domestic manufacturing sector with globally acclaimed quality products that will fuel India’s pursuit of prosperity on the back of a swadeshi movement.
1 mins
September 22, 2025
Mint Mumbai
ChrysCapital to whip up a $200 million dessert storm
India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.
2 mins
September 22, 2025
Mint Mumbai
'Skill education to join school syllabus'
The government is considering to add skill based learning be incorporated in the curriculum of Class 11 and 12 as per the recommendations of the National Education Policy 2020 (NEP 2020), Union minister Dharmendra Pradhan said on Sunday.
1 min
September 22, 2025
Mint Mumbai
Govt may not fine green project exits
Until now, such surrender of projects wasn't allowed. In case developers sought to abandon projects, the government forfeited their bank guarantees
3 mins
September 22, 2025
Listen
Translate
Change font size