New Delhi
: Apple Inc., who realized the developments in the Cupertino technology giant on Thursday, said Apple has not immediately changed its strategy to make more equipment in India. As a result, the plan to use India as a hub for making more iPhones to provide the U.S. market under the company’s current strategy is on track – at this point, it is trying to more than double the number of iPhones it currently makes in India.
The comments are based on a statement issued by U.S. President Donald Trump at a Doha event, claiming that he has conveyed the message to Apple CEO Tim Cook, which will not increase manufacturing in India.
“I told him, my friend, I’m very nice to you [sic]. Your price is $500 billion, but now I hear you are building all over India. I don’t want you to build in India. If you want to take care of India, you can build it in India, as India is one of the highest tariff countries in the world, so it is difficult to sell in India. ”
Key to growth in India’s apple production
For Apple, India is already a key manufacturing destination, accounting for more than 10% of all iPhones sold each year. last month, Mint The company will report more than double its iPhone manufacturing industry in India over the next three years, with a net production of more than 50 million units.
To be sure, Cook has confirmed that the company is increasing production in India. On May 1, during a call with analysts for the company’s March quarter earnings call, executives said he expected “most iPhones sold in the United States will use India as their country of origin.”
Therefore, the plan seems to be in place at present. The email sent to Apple commented on the matter and did not receive an immediate reply.
Meanwhile, Trump also claimed that India has provided the United States with a “a deal” to collect “in fact no tariffs.”
He added: “I said Tim, we treat you really well and we endure all the plants you have built in China over the years. We are not interested in building in India. India can take care of itself.”
Industry stakeholders say the instability of Trump’s April 2 U.S. trade tariffs could continue to hurt U.S. companies. Navkendar Singh, vice president of IDC India, said the uncertainty “is not very significant for India’s manufacturing plan because the regulatory system does not have a stable narrative that is currently operating.”
“This also makes the Indian market exposed as before, which shows that India is still relying on the goals set by the United States for itself,” Singh added.
At the time of publication, Apple’s share price on the U.S. Stock Exchange fell 0.5%.
