Apple plans to source more than 19 billion chips from the US this year, gradually reduces its dependence on China and elevates India for iPhone production.
Chief Executive Officer Tim Cook talked about the more heavy bending over the Taiwan Semiconductor Manufacturing Company, which is expanding its arizona operations for half a dozen plants. He also confirmed the expectations that Apple would make the vast majority of its American-bound iPhones in India in the future-reducing production from China as the Donald Trump administration threatens to slap punitive tariffs on its Asian rival. India was mentioned almost several times as China on the conference call after Thursday’s earnings, reflecting its growing importance.
Cook, however, was on a series of questions that consumers could affect Apple’s business on electronics, saying “it is very difficult to predict beyond June.” Chief Financial Officer Kevan Parekh said that Apple’s comment on the call believes that current global tariff rates and policies are effective and the global macroeconomic approach does not deteriorate.
Cupertino, the much awaited quarterly income report of the California -based company, failed to calm the investors’ concerns about its greatest challenges, including tariff costs and recession in China. After the release of Apple’s second quarter results, the company’s shares declined by 4.2 percent in the late Thursday trading, including poor-to-intake sales in China.
Apple has increased its pace Manufacturing expansion in IndiaWhich is growing both as a market – at a time when Apple’s sales continue to decline – and there is a possibility of being more politically more politically the favorite American business partner for a long time. Apple already makes 20 percent of its iPhones in the South Asian country, or one in five. This expects India to import most iPhones from India by the end of next year.
“We have a complex supply chain, there is always a risk in the supply chain,” Cook told analysts on the call. “What we had learned some time ago was that there was a lot of risk with it at one place and therefore we have, over time, with parts of the supply chain, not the whole thing, but parts of it opened new sources of supply.”
Beyond India, Trump wants Apple to start manufacturing its equipment in America. But this is unlikely to be on a scale in the future. For now, Cook promised to ramp the local purchase of chips and other components.
Cook said that the iPhone manufacturer will receive millions of advanced processors this year with a new feature in Arizona run by TSMC. Bloomberg News has reported that has started making processors for low-end iPad and Apple watches. Apple and TSMC have announced both American investments, which has hundreds of billions of dollars of dollars with a White House push to bring advanced manufacturing in the country.
Trump’s administration has put tariffs on goods imported from China and threatened additional levy to other countries that do not interact on new trade agreements in the coming weeks. Some electronics including iPhones are currently Free,
Apple’s CEO also discussed how the company gave glass to the iPhone screen from the US, referring to the Corning Inc. earlier this year, Apple said that it would invest it $ 500 billion in America (about 4,225 crores) Over the next four years, a plant in Texas involves building an AI server.
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