New Delhi, May 2 -- 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 count...
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