Majority of iPhones sold in US will be made in India in June quarter: Apple CEO Tim Cook
US, May 02 (PTI): Apple will source the majority of the iPhone sold in the US from India in the June quarter while China will produce the vast majority of the devices for other markets amid uncertainty over tax tariffs, a top official said on Friday.
During the company's second-quarter earnings call, Apple Chief Executive Officer Tim Cook said that Vietnam will become the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products sold in the US.
"For the June quarter, we do expect the majority of iPhones sold in the US will have India as their country of origin, and Vietnam to be the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products also sold in the US. China would continue to be the country of origin for the vast majority of total product sales outside the US," Cook said.
He said that for the June quarter, most of the tariff exposure for Apple is at the rate of 20%, which applies to imports to the US for products that have China as their country of origin.
"In addition, for China, there was an additional 125% tariff for imports of certain categories of products announced in April. For us, that's some of our US Apple Care and accessories businesses and brings the total rate in China for these products to at least 145%," Cook said.
He added that the vast majority of Apple's products, including iPhone, Mac, iPad, Apple Watch, and Vision Pro, are currently not subject to the global reciprocal tariffs that were announced in April, as the Commerce Department has initiated a Section 232 investigation into imports of semiconductor manufacturing equipment and downstream products that contain semiconductors.
"For the June quarter, as I talked about in my opening comments, we estimate the impact, assuming that the current global tariff rates, policies, and applications don't change for the balance of the quarter to be $900 million to our costs. I wouldn't want to predict the mix of production in the future, but I wanted to give you clarity for the June quarter of where the country of origins are," Cook said.
Apple reported a 5% increase in revenue to $95.35 billion for the second quarter ended March 29, 2025, up from $90.75 billion in the same period last year, driven mainly by growth in services, Mac and iPad sales.
However, iPhone sales declined by about 2% to $46.84 billion year-over-year from $45.96 billion in the March 2024 quarter.
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Iran warns of ‘uncontrollable consequences’ after energy site strike
Qatar warns residents of ‘Elavated’ threat
Tehran/Doha: Iran’s President Massoud Pezeshkian has warned that attacks on the country’s energy infrastructure could lead to “uncontrollable consequences” affecting the entire world.
In a post on X, Pezeshkian said he “strongly condemns” the strikes that targeted the South Pars gasfield earlier in the day.
“Such aggressive actions will not achieve anything for the American Zionist enemy and their supporters. Rather, they will complicate the situation and could lead to uncontrollable consequences that will affect the entire world,” he said.
Meanwhile, Qatar’s Ministry of Interior has urged residents to remain indoors due to what it described as an elevated security threat.
Authorities have not provided further details, but the advisory comes amid growing concerns over the safety of energy infrastructure and civilian areas in the region.
