Apple has reportedly airlifted around 1.5 million iPhones from India to the U.S. in response to increased tariffs that could boost prices significantly. Since March, the company has been ramping up inventory due to tariffs on products from China, where 80% of its items are manufactured. Analysts suggest that the price for iPhone 16 Pro may rise by 25% or more due to these tariffs. U.S. officials indicate a move towards domestic iPhone manufacturing is possible, though costly and time-consuming.
The army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America, said Commerce Secretary Howard Lutnick.
Bank of America Securities analyst Wamsi Mohan estimated that the $1,199 iPhone 16 Pro could see a price increase of at least 25%, adding a $300 bump.
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