Apple’s flagship iPhones remained the driving force behind its performance, with global sales jumping 13.4% YoY in the third quarter to $44.6 billion—the highest growth in 15 quarters.

Apple is likely to have sold nearly 3 million iPhones in India in three months to June, accounting for close to 5% of its global smartphone revenue.

Most US iPhones are now made in India rather than China, as Apple rejigs its supply chain to avoid tariffs on products imported into America from China. The strategy will certainly be of significant help to Apple at present, but there are two reasons why this could prove to be only a temporary solution …