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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.
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