New Delhi, May 3 -- Thanks to US President Donald Trump's tariff hike in April, Apple is importing most of the iPhones being sold in the US from India this quarter, disclosed Tim Cook, the tech giant's chief executive, late on Thursday. He underlined that the US tariffs have significantly impacted the iPhone makers' supply chain without ironing China out entirely, in his response to a question by Erik Woodring, managing director of US technology hardware equity research at Morgan Stanley, during Apple's March quarter post-earnings analyst call. "The existing tariffs that apply to Apple today are based on the product's country of origin. For the June quarter, we expect the majority of iPhones sold in the US will have India as their country of origin, and Vietnam to be the country of origin for almost all iPads, MacBooks, Apple Watches, and AirPods in the US. China would continue to be the country of origin for the vast majority of total product sales outside the US," Cook said. His statement underlines the diversification of the long-standing supply chain of Apple, which, at the time of writing, was the most valuable company in the world at $3.2 trillion. On Thursday, the company reported revenue of $95.4 billion for the March quarter, up 5% year-on-year and above analyst estimates. However, the stock took a beating in the US in the after-market trading, falling 3.8% on tariff concerns and weak global cues. Cook, on this, said as a result of the impact of Trump's International Emergency Economic Powers Act (IEEPA), 2025, the net tariff of 145% on imports of components from China, coupled with a blanket 20% import duty on other geographies, will increase Apple's cost by $900 million in the June quarter alone. "The vast majority of our products are currently not subject to the global reciprocal tariffs announced in April, as the commerce department has initiated a Section 232 investigation into imports of semiconductors, semiconductor manufacturing equipment, and downstream products that contain semiconductors," Cook clarified. Analysts, however, sounded a note of caution about the sweeping impact that Trump's tariffs-led trade war can have in the long run. "One big concern kicks in around the stability of the policy and business environment, exposing companies like Apple to the uncertainty of the cost impact they will face in the long run. Such quarterly uncertainty is not good for investors, creating a phase of volatility in the market," a senior analyst at a top global brokerage firm told Mint on the condition of anonymity, since their formal note on Apple's latest quarter earnings was not published until press time. The move towards Indian manufacturing, however, would reassure the domestic electronics market. On 26 April, Mint reported that Apple will ramp up iPhone manufacturing in the country to over 50 million units-more than double the existing production-within the next three calendar years. Cook further underlined that the three months ended 31 March were yet another period of quarterly revenue record for the India market, and that the company is on course to open "new retail stores in India starting later this year". With this, India looks set to play a definite role in the long run for the Apple ecosystem, giving the domestic market a significant boost and a long-term customer....