Apple says most US-bound iPhones no longer made in China

The majority of the iPhones bound for the US market in the coming months will be made in India, while Vietnam will be a major production hub for items like iPads and Apple Watches, chief executive Tim Cook says. It comes as the technology giant estimated that US import taxes could add about $900m (£677.5m) to its costs in the current quarter, despite Trump's decision to spare key electronics from the new tariffs.

The Trump administration has repeatedly said it wants Apple to move production to America.The estimate comes as firms around the world are scrambling to respond to the huge shifts in global trade triggered by Washington's trade policies. On a call with investors on Thursday to discuss the firm's financial performance, the Apple boss seemed keen to draw attention to its investments in the US.

Mr Cook opened the discussion with a reminder of the company's plans to invest $500bn across several US states over the next four years.

Read more