Apple's India Production Milestone Could Cushion Earnings Against Tariff Impact

Tech giant Apple Inc (NASDAQ:AAPL) is one of many companies that could be hurt by tariffs placed on international markets for exporting items into America.

To help combat the rising tariff rates, Apple has placed increased emphasis on diversification. Here's the diversification milestone the company recently reached.

What Happened: Ahead of the highly anticipated launch of the iPhone 17, Apple has reached a milestone in production of all four models of the new phone in India.

The company will be able to produce all versions of the upcoming phone, including professional versions. This marks the first time that all models will be made in India, according to a report from Bloomberg.

Apple will produce the iPhone 17 at five factories in India, including two factories that recently opened.

The increased production in India comes as Apple tries to lower its reliance on getting products imported from China. Apple has shifted the majority of its iPhone production to India from China for models specifically designed for the U.S. market.

Indian conglomerate Tata Group is the owner of several of the plants in India, according to ...