tvt news Haberler
Related Articles
Apple says it will shift production of most of its iPhones and other devices sold in the United States away from China, which has been the focus of U.S. President Donald Trump’s tariffs.
Apple CEO Tim Cook said most of the iPhones to be released for the US market in the coming months will be made in India, while Vietnam will be a major hub for the production of products such as the iPad and Apple Watch.
The tech giant estimates that US import duties could add around $900m (£677.5m) to the company’s costs in the current quarter, despite Trump’s decision to exempt essential electronics from new tariffs.
TRUMP WANTS TO MOVE TO THE USA
The Trump administration has repeatedly said it wants Apple to move production to the United States.
The forecast comes as firms around the world are scrambling to respond to major shifts in global trade triggered by Washington’s trade policies.
Discussing the company’s financial performance during a call with investors on Thursday, the Apple boss wanted to draw attention to the company’s investments in the United States.
Cook opened the meeting by reminding that the company plans to invest $500 billion in various states of the United States over the next four years.
MADE IN INDIA
Trump said Apple was shifting its supply chain away from China for products destined for the US, but added that India and Vietnam would benefit the most from this move.
“We anticipate that the majority of iPhones sold in the US will originate in India,” Cook said.
Meanwhile, Vietnam will be the primary manufacturing hub for “virtually all iPad, Mac, Apple Watch, and AirPods products sold in the US.”
He added that the vast majority of total products sold outside the US will continue to originate in China.
However, moving production lines to India will take time and require significant investment costing billions of dollars.
“There will continue to be tariffs affecting supply chains and the cost of moving them and building new factories. Apple has said it wants to invest $500 billion over the next few years,” Shanti Kelemen, chief investment officer at M&G Wealth, told the BBC’s Today programme.
Apple shares fell sharply after Trump announced that he would impose “reciprocal tariffs” on products imported into the U.S. The move was aimed at persuading companies to produce more in the U.S.
But his administration was facing significant pressure to soften its plans. Shortly after the tariffs went into effect, it announced that certain electronic devices, including phones and computers, would be exempt.
tvt news sitesinden daha fazla şey keşfedin
Subscribe to get the latest posts sent to your email.
