iPhone exports from India to US surges 76 pc at 3 million units in April
As Apple ramps up its India manufacturing plans, iPhone exports from the country to the US surged 76 per cent (year-on-year) in April, according to a new report
- NEW DELHI — As Apple ramps up its India manufacturing plans, iPhone exports
from the country to the US surged 76 per cent (year-on-year) in April,
according to a new report.
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- According to latest estimates by market research firm
Omdia, nearly 3 million ‘India-made’ iPhones were shipped to the US in April.
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- In comparison, iPhone shipments from China plummeted by a
massive 76 per cent to just 900,000 units.
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- This marks the first time India has consistently outpaced
China in supplying iPhones to the American market, according to a report by
CNBC, citing the data.
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- “Apple has been preparing for this kind of trade
disruption for years. The April spike likely reflects strategic stockpiling ahead
of tariff hikes,” Le Xuan Chiew, research manager at Omdia, was quoted as
saying in the report.
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- The demand in the US for iPhones is around 20 million per
quarter at the moment.
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- A ‘Made in US’ Apple iPhone can cost a whopping $3,500
(more than Rs 2,98,000) in absence of a fully-integrated supply chain in the
country.
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- Dan Ives, global head of technology research at Wedbush
Securities, told the CNN recently that the idea of fully domestic iPhone
production is a “fictional tale.”
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- Ives also warned that replicating Apple’s complex Asian
supply chain in the US would result in massive cost increases.
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- Moreover, it would take Apple at least three years and a
massive $30 billion just to shift 10 per cent of its supply chain to the US,
according to market watchers.
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- Apple CEO Tim Cook said during the company’s latest
quarterly earnings call that “the majority” of iPhones shipped to the US for
the June quarter will come from India.
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- US President Donald Trump has threatened a 50 per cent
tax on all imports from the European Union as well a 25 per cent tariff on
Apple products unless iPhones are made in the US.
