India will gain if Apple shifts iPhone production outside China: Report
India could be a significant beneficiary of any move to shift iPhone production meant for the US to a relatively cheaper destination, according to a Counterpoint Research report.
The report stated that India’s lower tariff rate of 26% compared to China and Vietnam, combined with its 20% share of the iPhone supply meant for the US in 2024, positions the country well to benefit from any production shift.
