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Apple airlifts 1.5 million iPhones from India to avoid Trump tariffs [USA TODAY]

Apple Inc. (AAPL)  More Company Research Source: USA TODAY
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
up production there in an effort to beat President Donald Trump's tariffs, sources told Reuters. The details of the push provide an insight into the U.S. smartphone company's private strategy to navigate around the Trump tariffs and build up inventory of its popular iPhones in the United States, one of its biggest markets. Analysts have warned that U.S. prices of iPhones could surge, given Apple's high reliance on imports from China, the main manufacturing hub of the devices, which is subject to Trump's highest tariff rate of 125%. That figure is far in excess of the tariff of 26% on imports from India, but which is now on hold after Trump called a 90-day pause this week that excludes China. Apple "wanted to beat the tariff," said one of the sources familiar with the planning. The company lobbied Indian airport authorities to cut to six hours the time needed to clear customs at the Chennai airport in the southern state of Tamil Nadu, down from 30 hours, the source added. T [Read more]
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Stockreport

Apple airlifts 1.5 million iPhones from India to avoid Trump tariffs [USA TODAY]

Apple Inc.  (AAPL) 
More Company Research Source: USA TODAY
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
up production there in an effort to beat President Donald Trump's tariffs, sources told Reuters. The details of the push provide an insight into the U.S. smartphone company's private strategy to navigate around the Trump tariffs and build up inventory of its popular iPhones in the United States, one of its biggest markets. Analysts have warned that U.S. prices of iPhones could surge, given Apple's high reliance on imports from China, the main manufacturing hub of the devices, which is subject to Trump's highest tariff rate of 125%. That figure is far in excess of the tariff of 26% on imports from India, but which is now on hold after Trump called a 90-day pause this week that excludes China. Apple "wanted to beat the tariff," said one of the sources familiar with the planning. The company lobbied Indian airport authorities to cut to six hours the time needed to clear customs at the Chennai airport in the southern state of Tamil Nadu, down from 30 hours, the source added. T [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS