Amid escalating trade tensions, Apple is reportedly preparing to shift assembly of all iPhones for the US market to India as soon as next year. Apple reported stronger-than-expected earnings for the second quarter of fiscal year 2025. However, its shares dropped by nearly 4% in extended trading as concerns over declining China sales and ongoing tariff uncertainty weighed on investor sentiment. Revenue from Greater China fell by 2.3% year-on-year to $16 billion (€14 billion) in the three months to March, following an 11% drop in the previous quarter. The figures highlight intensifying competition from Chinese smartphone brands and Apple’s slower progress in artificial intelligence development.Apple’s shares have now fallen 16% year-to-date following the post-earnings drop. The company projected low-to-mid single-digit percentage growth in revenue for the current quarter, is the Tariffs a good thing for US economy ?
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