Wedbush analyst, Dan Ives anticipates that Apple Inc. (NASDAQ:AAPL) could increase its iPhone assembly production in India to 60%-65% by fall, depending on tariff negotiations.

What Happened:  On Friday, Ives posted his views on X that Apple could significantly ramp up its iPhone assembly in India in a best-case scenario. However, he also noted that the tech giant could revert to a China-driven iPhone strategy depending on the tariff situation and deal negotiations. He added that U.S. iPhone production is “not feasible.”

Don't Miss:

Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — this is your last chance to become an investor for $0.80 per share. The team behind $6B+ in licensing deals is now building the next billion-dollar IP empire — invest early at $2.25/share.

This post comes in the wake of President Donald Trump expressing his disapproval of Apple’s manufacturing expansion in India. Trump told Apple CEO Tim Cook, “I don't want you building in India.”

Why It Matters: Despite Trump’s criticism, India remains committed to its partnership with Apple. The company has reportedly reassured the Indian government of its commitment to continue using India as a major manufacturing base. This assurance comes despite Trump's recent remarks, with government sources emphasizing that there is "no change" in Apple's investment plans in India.

Apple’s stock recently saw a boost following a breakthrough in trade negotiations between the United States and China. The tech giant, heavily reliant on a China-centric supply chain for manufacturing iPhones, was a clear beneficiary of the temporary rollback in tariffs.

Over the past five days, the shares of Apple climbed 6.26%, while on a year-to-date basis, it declined 13.29%, as per data from Benzinga Pro.

Read Next:

Hasbro, MGM, and Skechers trust this AI marketing firm — Invest before it's too late. ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share with a $1000 minimum.

Story Continues

Image via Shutterstock

Send To MSN:  Send to MSN

Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.

Get the latest stock analysis from Benzinga?

This article Apple iPhone Production In US 'Not Feasible,' Says Tech Bull After Donald Trump Tells Tim Cook To Stay Out Of India originally appeared on Benzinga.com

View Comments