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Apple nearly doubled iPhone exports from India in March to preempt upcoming US tariffs.
Apple's iPhone vendors in India nearly doubled exports in March, shipping Rs 20,000 crore worth of iPhones, compared to Rs 11,000 crore a year ago, ahead of new US tariffs.
The company shipped five planeloads of iPhones to the US to avoid a 10% tariff imposed by the Trump administration.
Apple has managed to keep prices stable in the US for now by stockpiling inventory, but the 26% tariff on Indian exports could slow down future shipments.
India is becoming a key manufacturing hub for Apple, aiming to produce up to 30 million iPhones by 2025.
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Apple casi duplicó las exportaciones de iPhone de la India en marzo para anticiparse a los próximos aranceles estadounidenses.