Unhappy that Apple intends to source nearly all of its U.S. iPhones from India, President Donald Trump on Friday threatened a 25% tariff on the popular device unless the tech giant moves production to the United States.

Vijay Sales is launching its Apple Days Sale from May 24 to June 1, featuring discounts on Apple devices like the iPhone 16 series, iPads, MacBooks, and more. Customers can benefit from additional discounts using select bank cards and exchange bonuses on eligible smartphones.

“It will also cut US trade deficit with India, a major concern for Trump. For every iPhone sold at around $1,000 in the US, India's share is less than $30. Yet, in trade data, the full $ 7 billion export value adds to the US trade deficit”, Srivastava says.

India has also become the world’s second-largest smartphone market after China, measured by volume. The production increase by Apple’s suppliers Foxconn and Tata Electronics in southern India has been the biggest success of Modi’s “Make in India” drive to create more manufacturing jobs in the world’s most populous country.

Apple's iPhone 17 series may debut in September with a rebranded lineup, featuring a new Ultra model, design upgrades, and major camera improvements.

As Apple (AAPL) struggles to resolve supply chain issues amid ongoing tariff uncertainties, its supplier, Hon Hai Precision Manufacturing, aka Foxconn, has increased investment in its Indian subsidiary.

Apple is considering a significant shift in its manufacturing strategy, potentially moving up to 60-65% of iPhone production to India, depending on tariff negotiations. Despite US President Donald Trump's disapproval of expanding manufacturing in India,

We recently published a list of 10 Trending AI Stocks on Wall Street Right Now. In this article, we are going to take a look at where Apple Inc. (NASDAQ:AAPL) stands against other trending AI stocks on Wall Street right now.