Apple Faces Challenges Amid Trump Tariffs as iPhone Prices Rise
As the trade war between the U.S. and China escalates, Apple is confronting significant hurdles that could lead to steep price increases for its iPhones. Reports indicate that Apple has airlifted over 600 tons of iPhones from India to the U.S. in a bid to circumvent the financial hit from tariffs imposed by the Trump administration. Analysts predict that prices for high-end models could surge by as much as $350, with some estimates suggesting that the new iPhone could eventually cost over $2,000. In response, many consumers are rushing to upgrade their devices before these potential hikes come into effect. Apple CEO Tim Cook is navigating what could be one of the most challenging periods for the company, facing criticism for its reliance on Chinese manufacturing while exploring solutions such as expanding production in India and Brazil. With stock prices plummeting and experts warning of a broader impact on the tech industry, the ramifications of the tariffs are being felt across Silicon Valley.
BBC, Reuters, WSJ, Fortune, Boy Genius Report, Mint, Bloomberg.com, The Atlantic, The Economist, Yahoo Finance