Why Apple may choose to stay for ‘Make in India’ iPhones even after Trump’s 25% tariff slap
[ad_1] The Global Trade Research Initiative said on Saturday that even if the US imposesd a 25% tariff on iPhones manufactured in India, production costs would still be significantly lower than making the devices in the United States.The GTRIs' comments came in the wake of US President Donald Trump’s recent statement threatening to impose a 25% tariff on iPhones if Apple chose to produce them in India.Despite this threat, the GTRI report demonstrated that Indian manufacturing remained a financially viable option for Apple, ANI reported.Why are iPhones so expensive?Breaking down the value chain of a $1,000 iPhone, the report highlighted the global nature of its production, involving parts and expertise from more than a dozen countries. Apple itself claims the largest portion of the value, around $450 per device, through its brand, software, and design.US component manufacturers, including Qualcomm and […]