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 Trump administration applying tariffs to Chinese imports.
appleinsider.com
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 Trump administration applying tariffs to Chinese imports.
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.
"The activity is on for some time at a larger level. Apple has a big team that has been discussing with Indian companies, including large conglomerates," an unspecified source told the publication. "They have met all large EMS companies in India, including Dixon and Amber. They are also talking to some global players."