Here’s when iPhones may get more expensive
CNN
If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones to laptops, cars and even smaller gadgets like headphones and computer mice.
If paying $1,000 for a new iPhone already sounded expensive, consumers should brace for even greater sticker shock later this year. President Donald Trump’s tariffs on foreign goods – specifically those sourced from China – are expected to heighten the prices of everyday tech products, from iPhones to laptops, cars and even smaller gadgets like headphones and computer mice. And iPhone prices could rise substantially and soon – possibly in a matter of weeks or months, according to analysts who spoke with CNN. Like many tech companies, Apple’s supply chain is largely based in China, which now faces a 125% tariff, meaning products and materials from the country are bound to get more expensive. In yet another escalation in the ongoing trade war with Beijing, Trump announced on Wednesday a 90-day pause in reciprocal tariffs on every country except China. In the near term, Apple and its many partners will have to carefully manage the iPhone inventory currently stored in the US. But if the Trump administration’s tariffs stick, Apple might have to make long-term adjustments to the way it sources, builds and potentially even releases new products. Apple received an exemption from tariffs on certain products during Trump’s previous administration, but there hasn’t been any indication of whether it will be granted similar immunity this time. “I think (Apple) will have to go through a period of pain,” said Jack Leathem, an analyst at market research firm Canalys that covers the smartphone industry. “And that will mean… price rises.” Apple declined to comment. With 90% of Apple’s iPhone production and assembly based in China, according to Wedbush Securities’ estimates, iPhone prices are likely to rise if Trump’s tariffs remain in place. When and by how much are still up in the air.
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