Foxconn (HNHPF) plans to assemble 25M-30M Apple (AAPL) iPhones in India in 2025, up from about 12M in 2024, and is conducting production trials

Apple’s services—like the App Store and iCloud—could also feel the sting of rising foreign tax rates as governments respond to the trade war. As it stands, Apple’s stock is under intense pressure, and with no clarity on whether the company will receive tariff exemptions, the outlook remains up in the air.