Most US iPhones to be 'sourced' in India, says Apple CEO...

Most US iPhones to be 'sourced' in India, says Apple CEO amid trade war with China

Posted

239

Apple CEO Tim Cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.

Read Full Article

Vă rugăm să vă autentificați pentru a vă dori, partaja și comenta!

Business

Finance minister Nirmala Sitharaman asks officials to improve refund, registration of GST

Finance Minister Nirmala Sitharaman has directed tax officials to streamline GST registration,...

By 0 7

Business

Campus to invest $100 million in student companies

Campus Fund, a VC firm dedicated to student and dropout-led startups, has launched its largest...

By 0 7

Business

Reporting of foreign assets, income up in FY24: Finance minister

The finance ministry reported a significant 45% increase in foreign asset and income disclosures,...

By 0 7

Business

Jaguar Land Rover to face $2.1billion tariff hit: N Chandrasekaran

Tata Motors faces a potential $2.1 billion tariff hit on Jaguar Land Rover due to new US trade...

By 0 7

Business

Temporary relief? Sensex soars 1,046 points on foreign buying

Indian stock markets witnessed a significant surge on Friday. The Sensex jumped by 1,046 points,...

By 0 7