EXCLUSIVE-Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs

Reuters
2025.06.13 03:00
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Foxconn exported $3.2 billion worth of iPhones from India to the U.S. between March and May, with 97% of shipments directed to the U.S., significantly higher than the 2024 average of 50%. In the first five months of 2025, exports to the U.S. reached $4.4 billion, up from $3.7 billion for all of 2024. This shift is part of Apple's strategy to bypass high tariffs on Chinese imports. Indian Prime Minister Modi aims to position India as a smartphone manufacturing hub, despite challenges from high import duties on components.