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iPhone could triple in price to $3,500 if they’re made in the US
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.
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 lost around 25% of their value due to concerns about the impact of tariffs on its sprawling supply chain, which is highly dependent on China and Taiwan. Rosenblatt Securities, a New York-based investment bank, said iPhones could be 43% more expensive, should Apple pass on the entire cost of higher tariffs to consumers, according to a research note cited by Reuters.
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