U.S. tariffs could push new iPhone prices to over $2,000

U.S. tariffs could push new iPhone prices to over ,000

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Analysts warn that Apple users could soon offer more than $2,000 for new iPhones as the U.S. responds to potentially severe tariffs. Most iPhones are made in China and face a 54% tariff, giving Apple a tough decision: absorb costs or pass them on to customers. Apple fell 9.3% on Thursday, its worst day since March 2020. Rosenblatt Securities estimates that the iPhone 16 estimates that the current price is $799, which may increase to $799, which may increase to 1,14% of the price by 1,14% of the 43% tariff at 43% tarfiff at 43%. Even the high-end iPhone 16 Pro Max could jump to nearly $2,300 if the price is passed to consumers. “Now, the entire Chinese tariffs are being issued now, which is totally contrary to our expectations that, like last time, American Idol Apple will be welcomed by children.” Meanwhile, if tariffs increase by 43%, Apple's new iPhone 16e will be priced at $599, which could rise to $856. While Apple has moved some production to India and Vietnam, these countries are also unable to immunize tariffs. Neil Shah of Counterpoint Research believes Apple may need to raise prices by at least 30% to offset these import duties. As consumer demand has stalled, analysts fear that a sharp rise in prices could hurt Apple’s bottom line, giving an edge to competitors like Samsung.

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