Apple analyst warns political pressure may outweigh tariff impact

News Snapshot:

President Donald Trump wants Apple to make iPhones in the US. Otherwise, he threatens to impose a 25% tariff on the company. Apple analyst Ming-Chi Kuo believes that, from a profitability standpoint, it’s better for Apple to absorb the 25% tariff on iPhones. But the bigger concern is the growing political pressure from the U.S. President. Apple should not move iPhone production back to the US Due to the ongoing trade war between the US and China and the uncertainty surrounding the situation, Apple is assembling as many iPhones in India as possible. This did not go down well with...