'Most US iPhones to be sourced in India': Apple CEO amid trade war with China
Apple CEO Tim Cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.
Apple CEO Tim Cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.
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