Company shares lost 3% in price in the previous trade after the American President’s statement.
US president Donald Trump threatens Apple Inc. introducing the fee, “at least 25%” on the iPhone, if it was done outside the United States. In social social network social
“Tim Kuku (CEO Apple – Ed.) I have been waiting for the iPhone for sale in the USA for a long time, made in the USA, and not in India or anywhere else. If it wasn’t, Apple had to pay a fee of at least 25%,” the head of the White House wrote.
Against the background of such a statement, Apple’s shares lost 3% in the price during the initial bid on Friday, May 23.
It should be noted that Apple makes the iPhone mainly in China and India.
Remember that the Financial Times wrote that the Taiwanese Hon Hai Precision Industry Co (Foxconn Technology) begins with the implementation of the project for the construction of a factory for making Indian display modules worth $ 1.5 billion. The company will make components for Apple devices.
Apple has moved the labor from China to India
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.