Overview

• Apple aims to assemble all iPhones sold in the U.S. in India by the end of 2026, moving production away from China.
• The decision is driven by U.S. tariffs on Chinese imports, with Apple seeking to mitigate trade-related risks and rising costs.
• To meet U.S. demand of over 60 million iPhones annually, Apple must double India’s output to 80 million units per year.
• Chinese authorities are delaying or blocking the export of key manufacturing equipment to India, complicating Apple’s transition plans.
• In March, Foxconn and Tata shipped $1.93 billion worth of iPhones from India to the U.S., reflecting a surge in production to preempt higher tariffs.