Even with a 25% tariff, the numbers still favor India. A $1,000 iPhone made in India would incur a $250 tariff. Add that to the $30 assembly cost, and the total is $280—still far cheaper than U.S. assembly alone.

as Apple CEO Tim Cook said on a recent earnings call to avoid higher tariffs on products from China. Vietnam will be the “country of origin” of “almost all” iPads, Macs, Apple watches and ...

Apple previously said in February it would spend $500 billion to expand many of its operations in the U.S., including assembling AI servers in Houston.