iPhone could triple in price to $3,500 if they’re made in the US, analyst warns
- For a period of three months, shipments exported from China to the United States will be subjected to a lowered tariff rate of 30%, reduced from the previous 145%.
- This tariff reduction follows a period of roughly 30 to 40% decrease in shipment volumes from China amid concerns about US tariffs on Chinese imports.
- Apple, which relies on China for about 90% of its iPhone production, announced a $500 billion investment over four years to expand manufacturing outside China.
- Apple CEO Tim Cook revealed on the latest earnings call that most iPhones entering the US market are currently being sourced from India, and he noted that tariffs may increase Apple's expenses by $900 million in this quarter.
- Analysts caution that producing iPhones domestically in the United States could increase their price to more than three times the approximately $1,000 they currently cost, due to expensive production and supply chain challenges.
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30 Articles
Are US Buyers Prepared to Spend $3,500 on a Domestic iPhone?
Digital Phablet Are US Buyers Prepared to Spend $3,500 on a Domestic iPhone? Apple and the Call for U.S. Manufacturing: An Overview Image Caption: A customer showcases the new green Apple iPhone 13 Pro right after its release at the Apple Store on 5th Avenue in Manhattan, New York City, on March 18, 2022. — Reuters NEW YORK/WASHINGTON: President Donald Trump has expressed a desire for Apple to produce iPhones in the United States. However, exper…
iPhone Price Can Triple if It Is Produced in the US, Analysts Say
US President Donald Trump stated that "work and factories will return with force" since their tariff programme was announced in the "Freedom Day" last month. But there is a product that the President is particularly concerned about producing in the US: iPhones.
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