Apple(US:AAPL) Huan Qiu Wang·2025-04-28 01:55Core Viewpoint - Apple plans a significant redesign of the iPhone in 2027 to celebrate the 20th anniversary of its launch, with a focus on using glass materials for a refreshed visual and tactile experience [1][4]. Group 1: Design and Production Challenges - The 20th anniversary iPhone is expected to have a record-high price, surpassing previous models [4]. - Apple faces external challenges, including unresolved high tariffs imposed by the U.S. on China, which could impact production costs and logistics [4]. - Although Apple is relocating some iPhone production to India, current capacity there is only about one-third of the annual demand in the U.S., making a complete transition unrealistic in the short term [4]. - The complexity of the new design for the anniversary model requires advanced production techniques and new components, complicating large-scale production outside of China before 2027 [4][5]. - Historically, Apple has never produced significant new product designs outside of China, adding uncertainty to the production of the anniversary iPhone [4]. Group 2: Manufacturing Dependency - Apple's CEO Tim Cook has praised China's manufacturing capabilities, highlighting the challenges the company faces in diversifying its manufacturing base away from China [5]. - Despite efforts to reduce reliance on Chinese manufacturing, the current situation suggests that launching cutting-edge iPhone products without Chinese factories may be extremely difficult [5].