With President Trump's newly announced tariffs on Chinese imports, the price of the next iPhone model is predicted to surge dramatically. Analyst estimates suggest that the cost of components for the iPhone 16 Pro could increase from $550 to $820, contributing to a potential retail price rise from $799 to $1,500, or even $2,300 for the premium model. Apple previously secured tariff exemptions but currently lacks any for specific products, raising concerns over overall iPhone sales amidst rising costs. A suggestion to manufacture iPhones domestically to avoid tariffs has also been tabled.
Apple's costs are set to rise substantially due to tariffs, potentially leading to significant price increases for consumers, with some models projected to hit $2,300.
The total cost for Apple to make the iPhone is expected to go up by about 43%, prompting analysts to suggest that new prices could deter customers.
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