Wall Street Bull makes a big prediction on Apple making iPhones in India: Apple may manufacture 60-65% iPhones in India, depending …
[ad_1] A big Wall Street analyst predicts Apple could manufacture up to 65% of its iPhones in India by fall 2025, as the tech giant navigates mounting pressure from President Trump to shift production away from the the country. Wedbush Securities analyst Dan Ives, who maintains a $270 price target and Outperform rating on Apple stock, called the Trump administration's 90-day tariff pause "a dream scenario" for the company. By this fall, Ives believes Apple "could manufacture 60% to 65% of its smartphones in India," citing his "high level of confidence" that the iPhone maker is accelerating its manufacturing transfer to the South Asian country.The prediction comes amid escalating tensions between Apple and the Trump administration over the company's India operations. During a business event in Qatar, Trump revealed he confronted Apple CEO Tim Cook, stating: "I had a little […]