Market Chatter: Apple to Outsource More iPhone Manufacturing to India to Offset High China Tariffs

MT Newswires Live04-08

Apple (AAPL) is considering to outsource more iPhone manufacturing to India to avoid the high overheads from China tariffs, The Wall Street Journal reported Monday, citing sources.

The adjustments are a temporary fix since Apple views the situation as too bleak to uproot long-term investments in its supply chain, the sources told the news outlet.

WSJ said that the minimum 54% tariff on Chinese goods could add almost $300 to the current $550 hardware cost for an iPhone 16 manufactured in Mainland China, citing TechInsights data.

Apple didn't immediately respond to a comment request from MT Newswires.

Apple shares were down 4.5% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 179.82, Change: -8.56, Percent Change: -4.54

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