About 97% of iPhones exported by Foxconn Technology (OTCPK:FXCOF) from India went to the U.S. between March and May, Reuters reported citing customs data. The numbers are far above the 2024 average of 50% and an indication of Apple's efforts to bypass high U.

With more than 60 million iPhones sold in the U.S. each year, Apple’s dependence on Chinese manufacturing had left it vulnerable to substantial price increases. The redirection of its export pipeline through India is aimed at shielding American consumers—and Apple’s margins—from the full impact of these tariffs.

Apple’s iPhone suppliers in India have reportedly crossed the 20% domestic value addition (DVA) mark across variants