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Indian media has revealed that Apple is in talks with more than 40 firms in the region to become component suppliers for devices including the iPhone, ahead of a ***** administration applying tariffs to Chinese imports.
Tim Cook in a previous visit to India — image credit: Apple
Tim Cook in a previous visit to India — image credit: Apple
Tariffs that are notionally applied to a country are paid by the US firm importing the goods. Consequently any China tariff would raise the cost to Apple of importing iPhones, and consequently the price of iPhones would increase steeply.
According to Indian publication MoneyControl, however, Apple is working to circumvent the issue by replacing China with more suppliers within India. Apple is reportedly in talks with over 40 suppliers, ranging from major technology firms and large conglomerates, to IT companies and electronics manufacturing service (EMS) providers.
Originally appeared here:
Apple ramping up India manufacturing expansion to avoid ***** tariffs on China
