Jul. 7 at 5:34 PM
He's baaaaacccckkkkk.....
White House trade advisor Peter Navarro criticizes
$AAPL CEO Tim Cook over the company’s response to pressure from the Trump admin to make more of its products outside China.
But....
Apple’s flagship phone is produced primarily in China, but the company has increasingly boosted production in India - India accounts for 20% of global iPhone output.
Between March & May, 97% of iPhones exported from India by Foxconn were shipped to the US.
Tata Electronics, the other smaller Apple iPhone supplier in India, on average shipped nearly 86% of its iPhone production to the US during March & April
Between January & May 2025, Apple exported 20.4M iPhones from India
Apple has historically sold more than 60M iPhones in the US each year, w/ roughly 80% made in China
Foxconn has pulled over 300 China workers from their iPhone assemble facilities in India over the past 2 months - Beijing is curbing tech transfers & tightening controls on equipment exports to India
$FXI $INDA