New Delhi, May 24 (IANS). Top analysts have said that in the absence of a fully integrated supply chain, the ‘Made in US’ Apple iPhone can be priced at $ 3,500 (more than Rs 2,98,000).
Dan Evece, a global head of Technology Research in Vedbash Securities, told CNN that the idea of fully domestic iPhone production is a fictional story.
Ewes also warned that copying Apple’s complex Asian supply chain in the US would huge increase in costs.
The report quoted him as saying, “You create a supply chain in the US with Fab in West Virginia and New Jersey. They will be $ 3,500 iPhone.”
In addition, according to those who monitor the market, Apple will need a huge amount of at least three years and 30 billion dollars to shift 10 percent of its supply chain to the US.
Apple CEO Tim Cook said during the company’s latest quarter earning call that most of the iPhones sent to the US for the June quarter will soon come from India.
US President Donald Trump has threatened to impose 50 percent tax on all imports from the European Union if the iPhone is not created in the US and also threatened to impose 25 percent tariffs on Apple products.
However, according to knowledgeable sources, India’s competitive edge makes it a natural option for technical giants like Apple. In addition, the technical giant has assured the government to manufacture its products and promote ‘Make in India’ initiative.
The country has shown the importance of ‘Make in India’ to big companies like Apple. According to the people associated with the case, “There has been no change in Apple’s investment schemes in India.”
In recent years, India has become a major center for Apple’s global supply chain.
Global technology giants like Apple find a lot of economic understanding in establishing manufacturing facilities in the country.
-IANS
SKT/ABM
