Apple Aims to Source All U.S. iPhones From India by End of 2026 ⇥ ft.com

Michael Acton, Stephen Morris, John Reed, and Kathrin Hille, Financial Times:

Apple plans to shift the assembly of all US-sold iPhones to India as soon as next year, according to people familiar with the matter, as President Donald Trump’s trade war forces the tech giant to pivot away from China.

The push builds on Apple’s strategy to diversify its supply chain but goes further and faster than investors appreciate, with a goal to source from India the entirety of the more than 60mn iPhones sold annually in the US by the end of 2026.

Obviously this is not fulfilling the stated aim of U.S. tariffs to onshore manufacturing of all kinds of products, including iPhones. But it seems unlikely to substantially lessen our global dependence on supply chains in China, either — in addition to individual parts sourced there, these reporters say factories in China are still responsible for “pre-assembled component sets” which are brought to India for final iPhone assembly.