Apple “gives a blow to China”, plans to shift the US iPhone assembly to India

Apple has discovered that she is planning to transfer the assembly of all the iPhones sold in the US to India, according to the Financial Times. Currently, the company still assembles most of its iPhones in China. This could happen as next year, as the company tries to reduce its dependence on China following current trade tensions [...]
Currently, the company still assembles most of its iPhones in China.
If so, current iPhone production in India will have to double, reports Financial Times, broadcast Periscope.
In recent years Apple has invested significantly in China in order to build an advanced technology production line, which was vital for the company to deploy as a global technology leader worth more than $3 trillion ($2.7 trillion), according to Company Market Capitalisation.
Apple uses a wide network of production partners and factories in China, such as Luxhar Precision Industry and Foxcon. These have extensive production factories in cities such as Zingzhou, also known as “
iPhones are also produced in other Chinese cities such as Wuhan, Shenzhen, Kunshan, Beijing, Tianj, Huizhou and Guangzhou, with Apple also having a highly complex assembly process.
However, China is now hit by American taxes up to 145%, while also setting its own tariffs against U.S., up to 125%.
Although the U.S. government has recently stated that it is willing to compromise with China and is also said to be considering lowering some of these tariffs, the Apple supply chain may still be affected.
Apple stock price closed 1.8% higher Thursday on the stock exchange NASDAQ. However, it dropped by 5.6% last month/Periscope/












