What happens when tariffs bite hard enough to cost you nearly a billion dollars?
If you’re Apple, you start packing.
CEO Tim Cook just dropped a bombshell: most iPhones sold in the U.S. will soon be Made in India, not China.
That’s right — after years of quiet shifts, Apple’s officially diversifying its supply chain in a big way.
What’s The Reason?
Try $900 million in extra costs this quarter alone thanks to soaring tariffs.
“We learned some time ago that putting all your eggs in one basket—especially a geopolitical one—is just too risky,” Cook admitted.
While iPhones dodged the harshest of President Trump’s sky-high 145% China tariffs, they’re still facing a 20% levy if made there.
So Apple’s shifting gears — fast.
Vietnam’s taking over production of iPads, Macs, and AirPods for U.S. customers, while China keeps churning out devices for the rest of the world.
But don’t expect your iPhone to get any cheaper.
Making them in the U.S., analysts say, could triple the price to $3,500. Yikes.
Despite the tariff storm, Apple still beat Wall Street expectations, pulling in $95.4 billion last quarter.
