Apple CEO Tim Cook announced on Thursday that the company plans to make most of its iPhones for the US market in India. This comes as the US places higher taxes on goods from China, where Apple currently makes many of its devices.

Cook shared, “I expect a majority of iPhones sold in the US will have India as their country of origin.”

The United States recently announced new trade tariffs and extra charges on Chinese products, including iPhones. These taxes could cost Apple up to $900 million, Cook said. But he also added that it's hard to tell exactly how much of an impact it will have.

Even with trade troubles, Apple did well in the first three months of the year. The company made a profit of $24.78 billion, which is about 4.8% more than what it made during the same time last year. That means Apple earned $1.65 per share, up from $1.53 last year.

Apple’s revenue also grew, going up 5.1% to reach $95.36 billion.

After the US said it would put a 145% tariff on Chinese-made goods, including iPhones, many Americans rushed to buy phones before prices go up. But Cook explained that this jump in sales won’t show up in the company’s numbers until next quarter (April to June).

This isn’t the first time Apple has had to deal with US-China trade issues. During Donald Trump’s first term, Tim Cook was able to help Apple avoid some of the effects of tariffs. 

 

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