'Made in India' iPhones to account for majority of US sales in June quarter: Apple CEO Tim Cook

Apple CEO Tim Cook has said that the iPhone maker expects a majority of iPhones sold in the U.S. during the quarter ending June to have India as their “country of origin”.

Responding to an analyst after the Cupertino, California-headquartered company announced its March quarter earnings, Cook said he wouldn't want to predict the mix of production in the future.

“The existing tariffs that apply to Apple today are based on the product's country of origin as you alluded to. For the June quarter, we do expect the majority of iPhones sold in the U.S. will have India as their country of origin and Vietnam to be the country of origin for almost all iPad, Mac, Apple Watch, and AirPods products sold in the -- also sold in the U.S. China would continue to be the country of origin for the vast majority of total product sales outside the U.S.,” said Cook.

Cook expects the new US tariffs to cost Apple an additional $900 million even as US President Donald Trump spared key electronics from the new tariffs on China.

“If you look at the categories of tariffs that are applicable to us today, for the June quarter, most of our tariff exposure relates to the February IEEPA-related tariff at the rate of 20%, which applies to imports to the U.S. for products that have China as their country of origin. In addition, for China, there was an additional 125% tariff for imports of certain categories of products announced in April. And for us, that's some of our U.S. AppleCare and Accessories businesses and brings the total rate in China for these products to at least 145%," said Cook.

"Also for transparency and clarity, the vast majority of our products, including iPhone, Mac, iPad, Apple Watch, and Vision Pro, are currently not subject to the global reciprocal tariffs that were announced in April as the Commerce Department has initiated a Section 232 investigation into imports of semiconductors, semiconductor manufacturing equipment and downstream products that contain semiconductors,” he added.

This comes after Trump announced 145% reciprocal tariffs on imports from China, the largest manufacturing base for Apple's iPhones.

Apple set a number of quarterly records in countries and regions across the world, including the UK, Spain, Finland, Brazil, Chile, Turkey, Poland, India, and the Philippines.

“We just released iOS 18.4, which brought Apple intelligence to more languages, including French, German, Italian, Portuguese, Spanish, Japanese, Korean and simplified Chinese as well as localized English to Singapore and India,” said Cook.

Apple on Thursday announced financial results for its fiscal 2025 second quarter ended March 29, 2025. The company posted quarterly revenue of $95.4 billion, up 5% year over year. “Today Apple is reporting strong quarterly results, including double-digit growth in Services,” said Cook.

“Our March quarter business performance drove EPS growth of 8 percent and $24 billion in operating cash flow, allowing us to return $29 billion to shareholders,” said Kevan Parekh, Apple’s CFO. 

Apple reportedly chartered cargo flights to ship 600 tonnes of iPhones, or as many as 1.5 million devices, to the US from India before the new tariffs kicked in. Trump has imposed 26% additional tariffs on imports from India, which too have been temporarily suspended following Trump's announcement of a 90-day pause, a move that does not apply to China.