Apple plans to make more than 19 billion chips from the United States this year, which is part of the global supply chain shift to gradually reduce China’s dependence on China and raise India for the manufacture of the iPhone.
Chief Executive Officer Tim Cook talked about the maximum inclination on the Taiwan semiconductor manufacturing company, which is expanding its Arizona operations to half a dozen plants. He also confirmed expectations that Apple would make the majority of its US -bound iPhones in India in the future and reduce production from China as the Donald Trump administration threatens to slap off the trends on its Asian rivals. India, like China, was mentioned almost several times on the conference call after Thursday’s earnings, which reflects its growing importance.
However, Cook talked to the mother on many questions about how potential taxes on consumers’ electronics could affect Apple’s business, saying “it is very difficult to predict ahead of June.” Chief Financial Officer Kevin Praku said that the comments on Apple’s call assumed that the current global prices and policies are in force and that the global economic view does not deteriorate.
California -based California -based quarterly income report reports that investors ‘concerns about its biggest challenges have failed to relieve investors’ concerns, including increasing tariff costs and slowdown in China. The company’s shares declined 4.2 percent in late trade on Thursday when Apple released the second quarter results, including worse sales in China.
Apple has fastened it Manufacturing extension in IndiaBoth are growing as a market – at a time when Apple’s China sales continue to decrease – and it is likely that he has long been politically like for a politically political partner. Apple already makes 20 % of its iPhones, or one in five in the South Asian country. This is expected to import most iPhones from India to the United States by the end of next year.
“We have a complex supply chain, the supply chain is always at risk,” Cook told analysts. “What we learned a while ago was that everything at one place is very dangerous with it, and for that reason we have, over time, with some parts of the supply chain, not the whole thing, but some parts of it opened new sources of supply.”
Beyond India, Trump wants Apple to start building its equipment in the United States. But it is unlikely to be on this scale in the future. For now, Cook promised to increase the local purchase of chips and other ingredients.
Cook said the iPhone maker will receive millions of modern processors from a new facility in Arizona, administered by TSMC this year. According to Bloomberg News, it has started making processors for iPads and Apple watches at the end. Apple and TSMC have both announced US investment, which contains hundreds of billions of dollars, with pressure to bring modern manufacturing into the White House.
The Trump administration has imposed taxes on imported goods from China and threatened additional Levies to other countries, which do not make new agreements on trade agreements in the coming weeks. Some electronics including iPhones are currently Exempt.
Apple’s CEO also discussed how the company has made a glass source for iPhone screens from the United States, possibly referring to Corning Inc. earlier this year, Apple said it would invest $ 500 billion in US (about Rs 4,225 crore) In the next four years, including the AI server at a Texas plant.
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(This story has not been edited by the NDTV staff and has been made auto from the Syndicate Fed.)
