Apple (AAPL) is reportedly planning to make all 4 of the iPhone 17 fashions it can promote within the U.S. in India, the primary time the corporate is making its newest lineup within the South Asian nation.
The iPhone 17 is because of debut subsequent month.
In line with Bloomberg, citing individuals with information of the matter, the tech big is increasing its iPhone manufacturing in India at 5 factories, together with two vegetation that have been opened not too long ago, and producing all 4 iPhone 17 fashions within the Asian nation. The India enlargement is a part of Apple’s efforts to cut back its dependence on China for the telephones it’s promoting within the U.S. Whereas India faces an additional 25% levy for purchasing Russian oil on high of the 25% beforehand introduced tariffs, client digital imports into the U.S. are up to now exempt from levies.
Apple didn’t instantly reply to a request for remark.
Apple shares have misplaced virtually 8% of their worth because the begin of the 12 months amid worries about its stalling progress in synthetic intelligence and the hit from the Trump administration’s tariffs. They’re little modified in premarket buying and selling.
