Apple to source all US iPhones from India as trade war bites

News Snapshot:

San Francisco | New Delhi | 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 60 million iPhones sold annually in the US by the end of 2026. Loading... Financial Times