Apple iPhone Prices May Rise Due to Trump Tariffs
Recent reports suggest that Apple may increase the prices of its iPhones in the U.S. due to potential tariffs proposed by former President Donald Trump. Bloomberg and Forbes have highlighted that the upcoming iPhone 17 and iPhone 16 Pro Max models could see significant price hikes, with the latter possibly exceeding $2,000. These price increases are speculated to be a direct response to Trump's proposed tariffs on electronics, which could impact the cost of production for tech giants like Apple.
The Washington Post and CNN have also covered the broader economic implications of these tariffs, noting that they could contribute to inflationary pressures and potentially push the U.S. economy towards a recession. The electronics industry, including companies like Samsung, is bracing for similar price adjustments as the cost of imported components rises.
As consumers await the official announcement from Apple, the tech community is closely monitoring how these tariffs will reshape the market dynamics and affect the affordability of high-end smartphones.
Detailed News about Trump • tariffs
Related issues news
Will iPhones get more expensive?
Due to the tariffs, there is a possibility that the price of a new iPhone could skyrocket, according to analysts. An analyst at Rosenblatt Securities said in an investor note that Apple would need to increase the price of the iPhone by 43% to cover the cost of tariffs, as reported by Reuters.
Are the tariffs bad?
If Trump keeps in place the tariffs announced Wednesday, recession is a likely outcome for both the US and the world this year, JPMorgan said in a note Thursday. The tariffs will cause prices in America to surge, too, adding close to 2% to the Consumer Price Index in 2025, according to the bank.
How much will the iPhone 17 cost?
Looking ahead, the iPhone 17 series would likely see price hikes as well. The iPhone 17 Pro Max, rumored to start at $1,199, could balloon to over $1,700. And for the option with 1TB of storage, that price could jump to $2,300. Another respected technology analyst suggests that could even be a conservative estimate.
Why is Apple stock down?
Apple stock has been taking a hit because of its dependence on Chinese manufacturing. Tariffs on goods made in China were set at a combined 54%, although the Trump administration gave conflicting messages about the exact figure. declined 10% following China's move to push back on Trump's tariffs.
X talks about this news
Latest
Urgent Calls for Gaza Ceasefire as Death Toll Rises
7 minutes agoMass Layoffs at HHS: Restructuring Impacts CDC, FDA, and NIH
47 minutes agoTitanic’s Final Hours Revealed Through Digital Scan
48 minutes agoCan you Like
