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Apple (AAPL) is reportedly planning to make all four of the iPhone 17 models it will sell in the U.S. in India, the first time the company is making its latest lineup in the South Asian country.
The iPhone 17 is due to debut next month.
According to Bloomberg, citing people with knowledge of the matter, the tech giant is expanding its iPhone production in India at five factories, including two plants that were opened recently, and producing all four iPhone 17 models in the Asian nation. The India expansion is part of Apple’s efforts to reduce its dependence on China for the phones it is selling in the U.S. While India faces an extra 25% levy for buying Russian oil on top of the 25% previously announced tariffs, consumer electronic imports into the U.S. are so far exempt from levies.
Apple didn’t immediately respond to a request for comment.
Apple shares have lost almost 8% of their value since the start of the year amid worries about its stalling progress in artificial intelligence and the hit from the Trump administration’s tariffs. They are little changed in premarket trading.
