Trump, Tim Cook and Apple
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Foxconn’s announcement marks the latest in a series of major bets on India, where Apple now produces over half the iPhones it sells in the U.S., according to analysts. CEO Tim Cook has reportedly signaled that output from India could rise another 65% by fall. The trend is unmistakable—and unlikely to reverse.
It's just saying, ‘I think we can squeeze a little bit more out of you,’” Morningstar technology analyst William Kerwin told Fortune.
The investment comes amid heightened political rhetoric from US President Donald Trump, who said in Doha that Apple should manufacture products for the US market within America, not India.