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iPhone could triple in price to $3,500 if they’re made in the US, analyst warns
US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address.
But Dan Ives, global head of technology research at financial services firm Wedbush Securities, told CNN’s Erin Burnett in April that idea is a “fictional tale.” The making and assembly of smartphone parts shifted to Asia decades ago, as American companies largely focused on software development and product design, which generate much higher profit margins. Since Trump’s inauguration in late January, Apple’s shares have lostmore than 14%of their value due to concerns about the impact of tariffs on its sprawling supply chain, which is highly dependent on China and Taiwan.
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