iphone sales

Apple reported strong first-quarter profits, but CEO Tim Cook cautioned about US tariffs potentially costing the company $900 million this quarter. To mitigate this, Apple is shifting production, with most iPhones sold in the US originating from India. "We are not able to precisely estimate the impact of tariffs, as we are uncertain of potential future actions prior to the end of the quarter," news agency Reuters quoted Tim Cook as saying.

Apple CEO Tim Cook announced that most US iPhones would be sourced from India due to rising US-China tariff tensions. The tariffs on Chinese imports could cost Apple up to $900 million. Despite these pressures, Apple reported strong earnings for the first three months of the year, with a profit increase of 4.8% and a revenue rise of 5.1%.

Apple is shifting its iPhone manufacturing hub to India for US-bound shipments starting in the June quarter, with Foxconn and Tata Group scaling up production. This strategic move aims to mitigate potential tariff impacts from China.

While India benefits from iPhone manufacturing due to US-China trade tensions, Apple currently has no plans to move MacBook and iPad production to India. The decision is influenced by limited domestic sales and the complexities of establishing a robust supply chain. However, Apple is exploring expanding its manufacturing base in India signaling a potential shift in strategy.

Apple dramatically increased iPhone exports from India to the US in March 2025, reaching 97.6% of total exports, driven by concerns over potential tariffs on Chinese goods. This shift involves expanding Indian production with manufacturers like Tata Electronics and Foxconn, aiming for a complete transition of US-bound iPhone production from China to India by 2026.

Amazon's Great Summer Sale 2025 launches soon, offering Prime members early access at midnight, while others can join from noon. HDFC Bank cardholders enjoy a 10% instant discount and EMI options. Expect deals on smartphones like Samsung Galaxy S24 Ultra, iPhone 15, and OnePlus 13. Prime members with the Amazon Pay ICICI Bank card can earn unlimited cashback and rewards.

Microsoft has surpassed Apple to become the world's most valuable company, boasting a market capitalization of $3.235 trillion, driven by strong cloud and AI demand. Apple's market cap closed at $3.07 trillion, while Nvidia secured the third position at $2.76 trillion. Apple faces headwinds from tariffs, leading to a significant stock decline this year.

The Amazon Great Summer Sale 2025 has commenced on May 1st, featuring significant discounts on smartphones, laptops, and smart TVs. Top brands like Samsung, OnePlus, and Apple are included. Customers can avail an additional 10% discount on HDFC bank credit cards.

Apple is significantly increasing iPhone production in India, aiming for 70-80 million units by late 2026, potentially making India the primary supplier to the US. This shift, driven by diversification and geopolitical factors, could see India manufacturing nearly 40% of global iPhones.

Apple's iOS app ecosystem in India has generated significant revenue, reaching $5.3 billion in 2024. This surge has propelled Apple's overall business engagement in India to nearly $27 billion, encompassing iphone sales, exports, and app store transactions. Indian developers have greatly benefited, with their global earnings tripling in the last five years, marking a substantial economic impact.

A US judge on Wednesday accused Apple of defying an order to loosen its grip on the App Store payment system to the point that criminal charges could be warranted. Apple's response to the trial order included charging a commission on purchases made linking out of its app store, according to the judge.

Reliance Industries, led by Mukesh Ambani, has emerged as a strong contender to acquire a significant stake in Haier's Indian operations, intensifying competition with a consortium led by Sunil Mittal. Haier aims to reduce its equity, seeking a valuation of $2-2.3 billion, as Chinese firms are more open to partnerships with Indian entities.

OpenAI, the creator of ChatGPT, has expressed interest in acquiring Google's Chrome browser if a court mandates its sale, according to Nick Turley. Turley testified that deeper integration with Chrome could create an “incredible AI-first experience,” overcoming distribution challenges faced with Android manufacturers.

Apple has significantly ramped up iPhone production in India, reaching $22 billion in fiscal year 2025, a 60% increase. This shift, driven by disruptions in China and supported by Indian government incentives, sees one in five iPhones now made in India.

Amidst US trade tensions, Chinese firms like Shanghai Highly and Haier are showing increased flexibility towards Indian regulations, now accepting minority ownership in joint ventures. This shift is driven by potential exclusion from the US market and India's attractive manufacturing incentives. India's stable environment and tariff advantages are drawing foreign investments, positioning it as a key alternative to China.

Apple has clinched the top spot in the global smartphone market for Q1 2025, surpassing Samsung for the first time in a first quarter, with 19% market share. This achievement occurred amidst a modest 3% market growth, fueled by emerging markets and Chinese government subsidies.

Apple's iPhone production in India has surged by 60% to $22 billion, now accounting for one in five iPhones globally. This shift, driven by geopolitical tensions and supply chain vulnerabilities, positions India as a key export hub. Foxconn is expanding its manufacturing footprint in Uttar Pradesh, signaling a long-term commitment to India's growing industrial ecosystem.

Apple stock rose sharply after US President Donald Trump paused reciprocal tariffs. This boosted Apple's market value significantly. The tariff relief impacted production in Vietnam and India. Apple had also expedited shipments from India to the US. Concerns remain about tariffs on goods from China. China's tariffs on US goods also raised worries for Apple.

Amid trade tensions with the US, China has reportedly instructed its airlines to halt further Boeing aircraft deliveries and U.S. parts purchases following retaliatory tariffs. This move puts Boeing in a precarious position within a crucial market, where China is projected to represent 20% of global aircraft demand.

Technology stocks surged following a temporary pause in tariffs on phones, computers, and consumer electronics, announced by the Trump administration. Apple shares notably climbed, and Asian tech stocks experienced a boost. Despite the positive market reaction, officials cautioned that tech tariffs are still anticipated in the near future, creating uncertainty about ongoing trade negotiations with China.