Trump Tariffs Stoke Fears Of A 2 300 Iphone

Trump imposed a series of sweeping tariffs on countries around the world that could drastically alter the landscape of global trade, and consumer goods like iPhones could be among the hardest hit, analysts said, with increases of 30-40 if the company were to pass on the cost to consumers.

Most iPhones are still made in China, which was hit with a 54 tariff. If those levies persist, Apple has a tough choice: absorb the extra expense or pass it on to customers.

Shares of the company closed down 9.3 on Thursday, hitting their worst day since March 2020.

Apple sells more than 220 million iPhones a year its biggest markets include the US, China and Europe.

The cheapest iPhone 16 model was launched in the US at price of 799, but could cost as much as 1 142, according to calculations based on projections from analysts at Rosenblatt Securities, who say the cost could rise by 43 if Apple is able to pass that on to consumers.