Even if the United States were to impose a 25 per cent tariff on iPhones manufactured in India, the total production cost would still be much lower if compared with manufacturing the devices in the U.S, according to a report by Global Trade Research Initiative (GTRI).
Apple plans to open four more retail stores in India - each in Bengaluru, Pune, Delhi-NCR, and Mumbai, the US multinational electronics manufacturer announced on Friday.
In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value of iPhones rose by 162 per cent.