Apple will be sourcing almost its entire line of iPhones sold in the US -- about 60 million phones a year -- from assembly facilities in India, CEO Tim Cook said Thursday. The planned move comes against the backdrop of the Trump administration imposing tariffs against China of up to 145%.

Foxconn and Tata are allegedly in talks to increase production of Apple hardware. Consumers might see a slight price increase for these devices.

Apple Inc’s target of iPhone production by value in India could be close to $40 billion by the end of FY26, enabling the firm to meet 80 per cent of its demand in the US and 100 per cent of growing domestic demand, according to stakeholders aware of the development.