New Delhi: Apple has not intended to make any immediate changes to the retail prices of its products, such as in India, after implementing the mutual tariff of Trump administration, the company sent a “unusual high” shipment number from factories in India and China to make stocks in the US, yet, despite this, it is a “relatively Lean period”.
Apple’s warehouse in the US remains “adequately stocked for the next few months”, with products sent from major manufacturing locations on “frantic speed” to defeat the onset of high tax regime, which starts with 10% tariff from April 5 and then separate from April 9, apart from the respective mutual tariffs.
A source said, “Factories from India and China and other major places were shipping shipping products in the anticipation of high tariffs coming to the US. The reserves on lower duty will temporarily insulating the company at high prices which will need to pay for new shipments which will be modified and started under the rates,” a source said.
The US is one of the largest markets for the sale of iPhones and other products of Apple and feared that if the company imposes the burden of full duty on the customers, there will be a slowdown in demand and decrease in the company’s margin.
“Any price increase to offset this effect can not be limited to the US market only, but will have to be taken to major global regions including India. Such a step can only be taken once. Once the company makes a complete evaluation of supply chain and manufacturing places, tariffs prescribed for those countries, and how to produce production from various areas to provide a cushion to the market.”
