U.S. President Donald Trump asked Apple (NASDAQ:AAPL) to limit its expansion in India and increase domestic manufacturing, according to a Wednesday Bloomberg report.

Speaking during a visit to Qatar, Trump said he confronted Apple CEO Tim Cook over the company's growing footprint in India. He is building all over India. I don't want you building in India, Trump told attendees, suggesting Apple may increase production in the U.S. as a result of their exchange.

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Trump also criticized India's high tariff barriers, which he said make it difficult to sell American goods in the country. He noted that Indian officials offered to reduce tariffs as talks progress on an import tax deal.

Apple did not immediately respond to a request for comment, and the White House also declined to comment, the report said.

The tech giant still makes most of its iPhones in China but had planned to shift a significant share of U.S.-bound production to India by the end of 2026.

India-made iPhones accounted for 26% of Apple's Q1 shipments, up from 16% a year earlier, according to Counterpoint Research.

Foxconn (FXCOF), one of Apple's top assemblers, recently secured Indian approval to build a $435 million fabrication plant in the country.

Is AAPL Stock a Buy Now?Apple Faces Pressure as Trump Slams iPhone Production in India

Based on the one year price targets offered by 43 analysts, the average target price for Apple Inc is $231.55 with a high estimate of $300.00 and a low estimate of $141.00. The average target implies a upside of +9.05% from the current price of $212.33.

Based on GuruFocus estimates, the estimated GF Value for Apple Inc in one year is $209.25, suggesting a downside of -1.45% from the current price of $212.33.

This article first appeared on GuruFocus.

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