1. India has removed import duties on mobile phone components, aiding local production efforts. 2. This policy directly benefits companies like Apple and Xiaomi, enhancing their market position.
Reduced import duties can lower production costs for AAPL, boosting profitability. A similar past initiative in India helped increase local manufacturing for tech firms.
The policy shift significantly impacts operational costs for AAPL, making it a relevant factor for investors.
The change encourages sustained local production, benefiting AAPL over time, as investments in infrastructure take a while to yield results.