1349 ET - While Apple has diversified its supply chain to Vietnam, India and the U.S., Wedbush says the vast majority of iPhones are produced in China, with over 50% of Mac products and 75% to 80% of iPads made there. "The reality is it would take [Apple] three years and $30 billion dollars in our estimation to move even 10% of its supply chain from Asia to the U.S. with major disruption in the process," the analysts say in a research report. This would lead to dramatic increases in price points, they add. "It's hard to comprehend and the near-term margin impact on Apple's gross margins during this tariff war could be significant with the Street already factoring in lower numbers ahead." Apple slides 8.7%. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
April 03, 2025 13:50 ET (17:50 GMT)
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