Overview

• Apple exported 2.9 million iPhones from India to the US in April, marking a 76% year-on-year increase, according to Omdia.
• iPhone shipments from China to the US fell 76% to 900,000 units in April as production shifts accelerate.
• Foxconn committed $1.5 billion to expand its Chennai plant and launch a Karnataka facility, while Tata Electronics is boosting capacity at Hosur and acquiring Pegatron’s site.
• Analysts at TF Securities say it remains more profitable for Apple to absorb a 25% US tariff than to relocate assembly lines back to the United States.
• India’s manufacturing output is projected to meet about 80% of quarterly US iPhone demand by 2026 under government incentives and private investment.