Apple's Strategic Move to India

In a significant shift, Apple CEO Tim Cook announced that the majority of iPhones sold in the US will soon be sourced from India. This decision comes as the tech giant navigates the choppy waters of the ongoing US-China trade war.

Trade Tariffs Impact

Cook highlighted the potential financial impact of trade tariffs targeting imports from China, estimating a staggering $900 million cost to Apple. Despite these challenges, the company reported a robust 4.8% increase in profit, showcasing resilience amidst trade tensions.

Consumer Response and Future Outlook

The announcement of increased tariffs on Chinese-made goods, including iPhones, led to a surge in US consumer purchases. Cook's diplomatic efforts are now more crucial than ever to mitigate the effects of the trade war on Apple's operations and pricing.