Latest news with #Cupertino-based
Time of India
a day ago
- Business
- Time of India
iPhone exports to US trump last year numbers by 76%
Apple 's vendors shipped 2.9 million iPhones to the United States from India in April, according to market research firm Omdia, a 76% surge year-on-year, as the American tech firm persisted with its plan to meet domestic demand from the South Asian nation despite President Donald Trump's mounting pressure to switch to manufacturing locally. Similar numbers are expected in May, following the company's move to shift production out of China to reduce its overreliance on a single production base. In April, China suffered a commensurate 76% fall in iPhone exports to the US, at 900,000 units, from 3.7 million a year ago, Omdia said. Market tracker Counterpoint Research said its initial estimates peg iPhone exports from India to the US in April to be around 2.9-3 million. The April numbers were, however, lower than in March, when the Cupertino-based company raced to meet the April 2 deadline when the US imposed steep retaliatory tariffs on countries with which it had a trade deficit, with China the hardest hit. Industry executives said that Apple's shift toward India was accelerating and that the lower export volume in April was in line with the weak shipments usually seen in the April-June period, ahead of the launch of new models in the September quarter. Tariff Threat Apple has to contend with President Trump's threat this week of imposing a 25% tariff on iPhones sold in the US that are not made locally. However, producing iPhones in the US is likely to increase sticker prices substantially, with some experts estimating the Pro models to cost well over $3,000 apiece, from $1,119 now, on account of higher labour cost and complex logistics in sourcing the necessary components. 'In terms of profitability, it's way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to the US,' said Ming-Chi Kuo, Apple analyst at TF Securities, Hong Kong. CAPACITY EXPANSION Last week, Apple's manufacturing partner Foxconn (Hon Hai) announced a fresh $1.5 billion investment in expanding its Chennai facility in a bid to strengthen capacity. The manufacturer has also constructed a new facility in Karnataka which will start shipping iPhones from June. Similarly, Tata Electronics, the company's second largest vendor for making iPhones in India, is expanding capacity at its Hosur facility for both enclosures and full-scale iPhone assembly. It has also acquired the majority stake in Pegatron's facility, which is Apple's third supplier in India. Some say India's manufacturing capacity is unlikely to scale up fast enough to fully meet the US demand for Apple. According to Omdia, the US market requires about 20 million iPhones per quarter, but India is expected to meet only about 80% of that demand by 2026. PARTIAL SHIFT LIKELY In the first quarter of 2025, India accounted for 21% of global iPhone shipments, with projections suggesting an increase in its share to 25-26% by the end of the year. The constraint India faces is not technical, but that of scale, as per analysts. With Apple now making even the high-end Pro and Pro Max models in India, much of the workforce training is complete, said Omdia. 'A full transition of US-bound iPhone production to India within a year remains unlikely. A partial shift is more feasible, though it still requires substantial investment in infrastructure and continued reliance on China for key components,' said Sanyam Chaurasia, analyst at Canalys (now part of Omdia). Apple is navigating a complex balancing act among its three most critical markets — China, US and India – not just as customer bases, but as an integral part of its global supply and production network, experts said. 'China remains deeply entrenched in Apple's manufacturing ecosystem, home to over 200 key suppliers. Shifting assembly to the US is not a logical move. It would mean attempting to relocate a tightly interwoven supply chain,' said Chaurasia. Meanwhile, India has rapidly evolved from a secondary hub to a central pillar of global tech manufacturing, underscored by the sharp increase in iPhone exports from India, he said.
Time of India
a day ago
- Business
- Time of India
iPhone exports to US trump last year numbers by 76%
New Delhi: Apple 's vendors shipped 2.9 million iPhones to the United States from India in April, according to market research firm Omdia, a 76% surge year-on-year, as the American tech firm persisted with its plan to meet domestic demand from the South Asian nation despite President Donald Trump's mounting pressure to switch to manufacturing locally. Similar numbers are expected in May, following the company's move to shift production out of China to reduce its over-reliance on a single production base. In April, China suffered a commensurate 76% fall in iPhone exports to the US, at 900,000 units, from 3.7 million a year ago, Omdia said. Market tracker Counterpoint Research said its initial estimates peg iPhone exports from India to the US in April to be around 2.9-3 million. The April numbers were, however, lower than in March, when the Cupertino-based company raced to meet the April 2 deadline when the US imposed steep retaliatory tariffs on countries with which it had a trade deficit, with China the hardest hit. Industry executives said that Apple's shift toward India was accelerating and that the lower export volume in April was in line with the weak shipments usually seen in the April-June period, ahead of the launch of new models in the September quarter. Tariff Threat Apple has to contend with President Trump's threat this week of imposing a 25% tariff on iPhones sold in the US that are not made locally. However, producing iPhones in the US is likely to increase sticker prices substantially, with some experts estimating the Pro models to cost well over $3,000 apiece, from $1,119 now, on account of higher labour cost and complex logistics in sourcing the necessary components. 'In terms of profitability, it's way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to the US,' said Ming-Chi Kuo, Apple analyst at TF Securities, Hong Kong. CAPACITY EXPANSION Last week, Apple's manufacturing partner Foxconn (Hon Hai) announced a fresh $1.5 billion investment in expanding its Chennai facility in a bid to strengthen capacity. The manufacturer has also constructed a new facility in Karnataka which will start shipping iPhones from June. Similarly, Tata Electronics, the company's second largest vendor for making iPhones in India, is expanding capacity at its Hosur facility for both enclosures and full-scale iPhone assembly. It has also acquired the majority stake in Pegatron's facility, which is Apple's third supplier in India. Some say India's manufacturing capacity is unlikely to scale up fast enough to fully meet the US demand for Apple. According to Omdia, the US market requires about 20 million iPhones per quarter, but India is expected to meet only about 80% of that demand by 2026. PARTIAL SHIFT LIKELY In the first quarter of 2025, India accounted for 21% of global iPhone shipments, with projections suggesting an increase in its share to 25-26% by the end of the year. The constraint India faces is not technical, but that of scale, as per analysts. With Apple now making even the high-end Pro and Pro Max models in India, much of the workforce training is complete, said Omdia. 'A full transition of US-bound iPhone production to India within a year remains unlikely. A partial shift is more feasible, though it still requires substantial investment in infrastructure and continued reliance on China for key components,' said Sanyam Chaurasia, analyst at Canalys (now part of Omdia). Apple is navigating a complex balancing act among its three most critical markets – China, US and India – not just as customer bases, but as an integral part of its global supply and production network, experts said. 'China remains deeply entrenched in Apple's manufacturing ecosystem, home to over 200 key suppliers. Shifting assembly to the US is not a logical move. It would mean attempting to relocate a tightly interwoven supply chain,' said Chaurasia. Meanwhile, India has rapidly evolved from a secondary hub to a central pillar of global tech manufacturing, underscored by the sharp increase in iPhone exports from India, he said.
Time of India
2 days ago
- Business
- Time of India
iPhone exports to US trump last year numbers by 76%
Apple 's vendors shipped 2.9 million iPhones to the United States from India in April, according to market research firm Omdia, a 76% surge year-on-year, as the American tech firm persisted with its plan to meet domestic demand from the South Asian nation despite President Donald Trump's mounting pressure to switch to manufacturing locally. Similar numbers are expected in May, following the company's move to shift production out of China to reduce its overreliance on a single production base. In April, China suffered a commensurate 76% fall in iPhone exports to the US, at 900,000 units, from 3.7 million a year ago, Omdia said. Market tracker Counterpoint Research said its initial estimates peg iPhone exports from India to the US in April to be around 2.9-3 million. The April numbers were, however, lower than in March, when the Cupertino-based company raced to meet the April 2 deadline when the US imposed steep retaliatory tariffs on countries with which it had a trade deficit, with China the hardest hit. Industry executives said that Apple's shift toward India was accelerating and that the lower export volume in April was in line with the weak shipments usually seen in the April-June period, ahead of the launch of new models in the September quarter. Tariff Threat Apple has to contend with President Trump's threat this week of imposing a 25% tariff on iPhones sold in the US that are not made locally. However, producing iPhones in the US is likely to increase sticker prices substantially, with some experts estimating the Pro models to cost well over $3,000 apiece, from $1,119 now, on account of higher labour cost and complex logistics in sourcing the necessary components. 'In terms of profitability, it's way better for Apple to take the hit of a 25% tariff on iPhones sold in the US market than to move iPhone assembly lines back to the US,' said Ming-Chi Kuo, Apple analyst at TF Securities, Hong Kong. Live Events CAPACITY EXPANSION Last week, Apple's manufacturing partner Foxconn (Hon Hai) announced a fresh $1.5 billion investment in expanding its Chennai facility in a bid to strengthen capacity. The manufacturer has also constructed a new facility in Karnataka which will start shipping iPhones from June. Similarly, Tata Electronics, the company's second largest vendor for making iPhones in India, is expanding capacity at its Hosur facility for both enclosures and full-scale iPhone assembly. It has also acquired the majority stake in Pegatron's facility, which is Apple's third supplier in India. Some say India's manufacturing capacity is unlikely to scale up fast enough to fully meet the US demand for Apple. According to Omdia, the US market requires about 20 million iPhones per quarter, but India is expected to meet only about 80% of that demand by 2026. PARTIAL SHIFT LIKELY In the first quarter of 2025, India accounted for 21% of global iPhone shipments, with projections suggesting an increase in its share to 25-26% by the end of the year. The constraint India faces is not technical, but that of scale, as per analysts. With Apple now making even the high-end Pro and Pro Max models in India, much of the workforce training is complete, said Omdia. 'A full transition of US-bound iPhone production to India within a year remains unlikely. A partial shift is more feasible, though it still requires substantial investment in infrastructure and continued reliance on China for key components,' said Sanyam Chaurasia, analyst at Canalys (now part of Omdia). Apple is navigating a complex balancing act among its three most critical markets — China, US and India – not just as customer bases, but as an integral part of its global supply and production network, experts said. 'China remains deeply entrenched in Apple's manufacturing ecosystem, home to over 200 key suppliers. Shifting assembly to the US is not a logical move. It would mean attempting to relocate a tightly interwoven supply chain,' said Chaurasia. Meanwhile, India has rapidly evolved from a secondary hub to a central pillar of global tech manufacturing, underscored by the sharp increase in iPhone exports from India, he said.
Yahoo
3 days ago
- Business
- Yahoo
Your next iPhone could cost substantially more — Trump threatens 25% tariff
When you buy through links on our articles, Future and its syndication partners may earn a commission. President Donald Trump really wants Apple to make iPhones in the United States. Apple attempted to get around the tariffs on goods made in China by moving much of its iPhone manufacturing to India. However, that doesn't appear to be good enough for the President, as he said he would impose "a Tariff of at least 25%" on iPhones made outside of the country. "I have long ago informed Tim Cook of Apple that I expect their iPhone's that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else," Trump wrote on his Truth Social platform (typos included). "If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S. Thank your for your attention to this matter!" Trump recently posted that he "had a little problem with Tim Cook," in response to the Cupertino-based company moving production to India instead of the U.S. Currently, goods made in India are subject to the 10% import tariff that applies to all countries. This is substantially lower than the 30% tax applied to goods from China. Presumably, if Trump imposes a 25% additional tariff on iPhones imported to the U.S., it would be on top of the 10% already there. He said, "at least," which means the fee to import iPhones could be even higher. There's a lot of uncertainty for Apple about importing iPhones to the U.S. While it might be unrealistic to move all production stateside, it may also be the only way Apple can avoid massive fees — fees that will inevitably be passed onto consumers looking for one of the best iPhones. I pixel-peeped the world's fastest gaming monitor — after testing 610Hz, real-life feels laggy I tested the MSI Titan 18 HX — the power is wild, the price is wilder I played 5 games on the RTX 5060 — is this budget GPU actually enough?
Time of India
3 days ago
- Entertainment
- Time of India
Apple buys its first-ever video game studio; promises to deliver ‘great experience' for Arcade
has acquired RAC7, the two-person video game developer known for the Apple Arcade hit Sneaky Sasquatch. This marks the Cupertino-based tech giant's first-ever acquisition of a video game studio. Tired of too many ads? go ad free now Apple has described this move as a unique situation, indicating a specific interest in RAC7's work. The studio's previous credits include indie titles Dark Echo and Splitter Critters. In 2019, RAC7 released Sneaky Sasquatch as an Apple Arcade exclusive. The adventure game emerged as a notable success among the service's launch titles and has received consistent updates since its release. With this acquisition, the RAC7 team will now continue its partnership with Apple as an internal studio, with Apple promising to deliver a "great experience for Apple Arcade." What Apple said about acquiring its first-ever video game studio In a statement to Digital Trends, an Apple spokesperson said: 'We love Sneaky Sasquatch and are excited that the 2-person RAC7 team has joined Apple to continue their work on it with us. We will continue to deliver a great experience for Apple Arcade players with hundreds of games from many of the best game developers in the world.' Apple's acquisition of indie studio RAC7 is not part of a broad new gaming strategy but rather a specific opportunity to expand Apple Arcade's offerings, the report claims. Apple plans to continue working with a range of third-party studios, both large and small, to develop games for the service. While the deal may seem unexpected to those not closely following Arcade, it fits within the platform's existing model. Earlier, Apple Arcade Senior Director Alex Rofman highlighted Sneaky Sasquatch as a standout title whose popularity extends to real-world events like birthday parties. Tired of too many ads? go ad free now Since its launch in 2019, Arcade has relied on a select group of indie developers—such as RAC7, Lykke Studios, and Triband Games—to release new titles each month. Recent additions include a fresh Katamari Damacy entry, a sequel to Space Invaders: Infinity Gene, and Gears & Goo for Apple Vision Pro. Despite RAC7's purchase being an isolated case, it underscores Apple's ongoing support for its subscription gaming service . This call will steal your money: "Family Scam" working & how to protect yourself!
