America remains vital for Apple as it brings in most smartphone money. New tariffs will soon cut into buying power, hurting the company's profits. Apple tried moving iPhone manufacturing from China to India to avoid these taxes. However, one expert calls this plan impossible because it will not protect Apple from other costs.
The trade fights between America and China affect both expenses and sales. Moving work to India might lower some costs, but it leaves other problems unsolved. India makes about 20 percent of all iPhones today, showing room for growth. Cheaper labor helps keep profits up, but simply changing where phones are put together will not fix the tariff problem. All iPhone parts must still come from overseas, which means...