Tariffs introduced by President Trump may result in significant price hikes for iPhones, potentially raising costs by 30% to 40%. Analysts from Rosenblatt Securities estimate that the entry-level iPhone 16 could jump from $799 to approximately $1,142, while the Pro Max version might rise from $1,599 to nearly $2,300. These changes could reshape Apple’s market dynamics, with the company securing exemptions in the past, but facing uncertainty as no such exemptions have been granted this time. Apple's shares dropped 9% following tariff announcements, indicating investor concern over rising costs.
Analysts predict that the iPhone prices could rise by 30% to 40% due to the newly imposed tariffs, significantly impacting consumer costs.
A report indicates that the cost of the iPhone 16 could soar from $799 to as much as $1,142 as tariffs take effect.
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