US-China Trade War Could Make iPhones prices increase sharply

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United States:The ongoing trade-war between the US and China could increase the tariff of iPhones by almost 3% because of the new retaliatory tariffs imposed by Beijing.

“Tariffs on the device’s Chinese-made batteries and other components would increase its manufacturing cost by 2 percent to 3 percent,” Fortune quoted a Wedbush analyst Dan Ives as telling investors.

“The price of an iPhone XS, for example, would rise from $999 to as much as $1,029,” the report said. According to Ives, Apple’s costs could soar higher if the Trump administration follows through with a plan to add an additional $325 billion in tariffs to Chinese goods. If that happens, iPhones would cost an extra $120 each to produce.

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