Apple aims to source all US iPhones from India in pivot away from China, FT reports
1. Apple plans to shift U.S. iPhone assembly to India by next year. 2. This move is a response to trade tensions with China.
FAQ
Why Bullish?
Shifting production from China to India may reduce supply chain risks and costs. Historically, such strategic relocations have led to positive investor sentiment.
How important is it?
The shift could enhance Apple's resilience in a volatile geopolitical landscape, positively impacting future revenue and margins.
Why Long Term?
Switching production locations will take time but positions Apple favorably for growth in the Indian market, which is expanding.