Overview

• Apple is increasingly sourcing iPhones for the US market from India as tariffs on Chinese imports rise to 145%.
• The company aims to produce over 60 million iPhones annually in India by late 2026, requiring a significant expansion of local assembly capabilities.
• A temporary US electronics tariff exemption offers short-term relief but adds uncertainty to Apple's long-term supply chain strategy.
• India's ability to assemble the full iPhone lineup and government incentives have positioned it as a key alternative to China.
• Efforts to relocate production to the US face challenges, with analysts warning of potential device costs exceeding $3,500 per unit.