New iPhones May Produce In Vietnam

In this case, smartphones from Cupertino will not be taxed as goods imported from China.
The iPhone collector Foxconn began building a plant in Vietnam. Most likely, Apple smartphones in the future will be assembled there. Reports about it 9to5mac .

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The United States and China are waging a trade war. Because of this, the President of the States Donald Trump may impose a VAT of 10% on goods imported from China. In this case, the iPhone will rise in price, and this will adversely affect the company’s revenues.

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Moving the assembly of Apple smartphones to Vietnam will protect them from possible taxation. In this case, they will be considered as goods produced in Vietnam.

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Recall, Foxconn is located in China. Older iPhones are also manufactured in India and Brazil.

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