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.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
PM Modi has every intention of delaying caste census: Congress
New Delhi (PTI): The Congress on Thursday said one full year has passed since the government announced a caste census but the details of how this enumeration will be done are still awaited, as it alleged that Prime Minister Narendra Modi has every intention of delaying the exercise.
Congress general secretary in-charge communications Jairam Ramesh said today exactly a year ago, the Modi government had announced that caste enumeration of the entire population will be included in the upcoming Census.
"The recent chronology relating to this dramatic U turn by the Prime Minister is this: On July 21 2021, the Home Minister had answered a question in the Lok Sabha asked by a BJP MP Smt Raksha Nikhil Khadse (now a Minister herself) and said that the Government of India had decided as a matter of policy not to enumerate caste-wise population," Ramesh said on X.
On September 21 2021, the Modi government filed an affidavit in the Supreme Court stating that any directive by the court to enumerate caste-wise population would be tantamount to interfering with a policy decision already taken by the Modi government, he said
On April 16, 2023, Congress president Mallikarjun Kharge wrote to the PM demanding an up-to-date caste census as part of the regular census, Ramesh pointed out.
"On April 28 2024, in a television interview to News18 Network, the prime minister attacked the Congress saying that its demand for a caste census was indicative of 'urban naxal' thought," he said.
The prime minister owes the leadership of the Congress an apology for his accusation, Ramesh said, adding that more importantly, he owes the people of India an explanation of why he allowed his mind to be contaminated by "urban naxal" thought when he announced a caste census on April 30, 2025.
"A full year has passed. The details of how this caste enumeration will be done are still awaited. There has been no dialogue with Opposition parties and state governments, let alone with experts in this subject," Ramesh said.
"The President of the Indian National Congress had written to the PM again on May 5, 2025 on the issue of the caste census. That letter was not even acknowledged. The issues raised in that letter remain very valid even now," he said.
In fact, they are more relevant after the recently-concluded special session of Parliament where it was evident that the PM has every intention of delaying the caste census, Ramesh claimed.
