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India to gain if Apple shifts iPhone mfg from China
The Morning Standard
|April 11, 2025
INDIA could be a major beneficiary of any move to shift iPhone production meant for the US to a cheaper destination, according to a Counterpoint Research report.
The report stated that India's lower tariff rate of 26% as against China and Vietnam, combined with its 20% share of the iPhone supply meant for the US in 2024, positions the country well to benefit from any production shift.
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