Apple’s iPhone prices are likely to surge due to President Trump’s new tariffs on Chinese imports, potentially reaching $3,500. Wedbush Securities analyst Dan Ives highlighted that building iPhones in China keeps them affordable, reflecting the challenges of relocating production to the US. He noted that moving parts of Apple’s supply chain to the US would involve substantial costs and time. The tariffs could drastically impact the global trade landscape, making consumers reconsider the value of their purchases as prices rise significantly.
"For US consumers, the reality of a $1,000 iPhone being one of the best-made consumer products on the planet would disappear..."
"Making Apple products and iPhones in the US sounds great behind the microphones in the 202 area code...but in reality they are a fantasy tale that will never happen..."
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