'Made in America' Apple iPhone can cost about Rs 3 lakh: analyst

New -Delhi, May 24 (IANS). Top analysts said in the absence of a fully integrated supply chain, the ‘Made in US’ Apple iPhone can be priced at $ 3,500 (more than R 2.98,000). Dan Evece, a global head of technology research in Vedbash Securities, told CNN that the idea of ​​fully domestic iPhone production is a fictional story. Ores also warned that copying Apple’s complex Asian supply chain in the US would have a major increase in costs. The report cited him and said: “You are creating a supply chain in the US with FAB in West Virginia and New Jersey. That’s $ 3,500 iPhone.” In addition, according to those who monitor the market, Apple will need a large amount of at least three years and $ 30 billion to move 10 percent of its supply chain to the US. Apple CEO Tim Cook said during the latest quarter of the company that most of the iPhones sent to the US for the June quarter will come from India soon. US President Donald Trump has threatened to impose 50 percent tax on all imports from the European Union if the iPhone is not created in the US and also threatened to set up 25 percent rates on Apple products. However, according to expert sources, India’s competitive advantage makes it a natural option for technical giants such as Apple. In addition, the technical giant ensured the government to manufacture its products and promote ‘make in India’ initiative. The country showed the importance of ‘Make in India’ for large companies such as Apple. According to the people related to the case, there was no change in Apple’s investment schemes in India. ‘In recent years, India has become an important center for Apple’s global supply chain. Global technology giants such as Apple find a lot of economic understanding in establishing manufacturing facilities in the country. -Ians SKT/ABM shares this story -tags