Apple has already stepped up production in India to beat U.S. President Donald Trump's tariffs, shipping some 600 tons of iPhones worth $2 billion to the United States in March.

Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic. Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple was aiming to shift production toward India from China by the end of next year.