Unrealistic to shift all U.S. iPhone assembly to India, Apple bear Craig Moffett writes to clients
Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic.Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple was aiming to shift production toward India from China by the end of next year.He's questioning how a move could bring down costs tied to tariffs because the iPhone components would still be made in China."You have a tremendous menu of problems created by tarif ...