How Worried Should We Be About a $3,500 iPhone?
Briefly

The article discusses how economic uncertainty, fueled by tariffs and changes in government policy, leads consumers to panic-buy various items, particularly iPhones. With concerns rising over significant price increases post-levy, shoppers rush to Apple stores, resembling a holiday shopping rush. Responses to economic instability vary, with some opting for bigger purchases while others focus on essential items. The behavior reflects a larger trend where consumers react to perceived threats to their purchasing power and overall financial security by stockpiling goods, illustrating the interconnectedness of economic policy and consumer psychology.
"Employees from different Apple locations across the country said stores filled with customers over the weekend - with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed."
"Almost every customer asked me if prices were going to go up soon," said the worker, who asked not to be identified because they weren't authorized to speak publicly.
Read at Intelligencer
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