us President Apple’s dependence on India is increasing to reduce the impact of Donald Trump’s tariff policy. After the company’s Q2 FY25 quarterly results, CEO Tim Cook said that most of the iPhones sold in the US in the June quarter will be made in India, as Apple is taking its supply chain away from China. But after June, it is not clear how the situation will be. Cook said it is very difficult to predict how the circumstances after June. However, he indicated that the circumstances regarding tariffs remain unstable.
America is currently charging 10 percent tariff from Vietnam
Tim Cook said, “We hope that India will be the original country of most iPhones sold in America.” However, most of the production of iPads, Mac, Apple Watches and Airpods going to America will be in Vietnam. Let us tell you that the US has imposed 145% tariff on goods imported from China. Whereas, Vietnam has been imposed only 10% tariffs as compared to China.
Apple kept $ 900 million separately in the budget
Legendary American gadget company Apple has spent an additional cost of about $ 900 million in its budget for the current quarter, citing Tariff as the main reason. This figure shocked some experts, who hoped that this loss would be even more. Applecare services and accessories called from China will still have a full tariff of 145% and it is believed that the company is currently ready to bear this extra expenditure.
Apple’s revenue increases
There is no clear evidence of a race in customers in view of the possibility of increasing the prices of Apple products in future due to American tariffs. For the quarter ended March, Apple recorded a $ 95.4 billion revenue, which was $ 90.75 billion a year ago. As Apple is changing its manufacturing geography, India is engaged in strengthening its position as a major global center.
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