Apple benefits as India cuts import tax on smartphones

MacDailyNews
Jul 23, 2024, 8:57 am525 pts
India has lowered import duties on mobile phones and components from 20% to 15%. This decision is a win for tech giants like Apple, which heavily relies on imports for its high-end iPhones. While Apple has been boosting local production in India, this tariff cut will further reduce costs and potentially lead…

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