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Analyst: It is unrealistic to move all iPhone assembly operations in the USA to India.
Craig Moeffett, the chief analyst, sent a letter to clients stating that moving all iPhone assembly operations from the USA to India is unrealistic. Moeffett, who has been ranked as a top analyst by Institutional Investor multiple times, sent a memo to clients on Friday after the Financial Times reported that Apple plans to shift production to India by the end of next year. He questioned how this move could reduce costs related to tariffs, as the components for the iPhone will still be produced in other countries.
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ASteffie :
10baggerbamm OP ASteffie : excellent