June 26, 2025
Johny Srouji, Apple's senior vice president of hardware technologies, made the remarks in a speech in Belgium
The numbers show Apple has realigned its India exports to almost exclusively serve the US market to avoid tariffs on China
Huawei's resurgence has intensified pressure on Apple, which has seen its market share in China steadily decline
Apple opens AI technology to third-party developers and announces design overhaul of operating systems with 'liquid glass'
Tata has already assembled iPhones for local and foreign markets at three facilities in south India
Trump threatens 25% tariff on non-US-made iPhones and says the proposed tariff on Apple would also apply to Samsung
White House trade talks continue with countries, but progress remains unsteady
The news slammed shares of Google-parent Alphabet, which closed down 7.3%, wiping off roughly $150 billion from its market value
