01:56 PM EDT, 08/07/2025 (MT Newswires) -- Apple ( AAPL ) suppliers are working on their plans to mass produce new iPhone models in India, assuming the device will be exempt from the recent 50% tariff rate, Nikkei Asia reported Thursday, citing three sources with direct knowledge of the situation.

The new iPhone models are scheduled for production in India within weeks, the sources reportedly said.

Any change can still happen due to President Donald Trump's tariff policy, two sources reportedly cautioned.

Apple ( AAPL ) did not immediately respond to MT Newswires' request for comment.

Shares of Apple ( AAPL ) were up 2.7% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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