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Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

zdnet.com Adrian Kingsley-Hughes 2025-12-12 20:37:40

Elyse Betters Picaro / ZDNET ZDNET's key takeaways Tariffs cost Apple approximately $800 million last quarter. That bill will go up to about $1.1 billion this quarter. Apple says 1 in 10 iPhone sales in April were due to tariff fears. Apple earnings calls usually have a theme, and there's usually a word associated with that theme that ends up being repeated many times throughout the call. During yesterday's call, the theme and repeated word was "tariffs." iPhone sales were up Because of

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Apple projects tariff costs will hit $1.1B next quarter

techcrunch.com Dominic-Madori Davis 2025-12-13 20:25:27

Tariffs are projected to cost Apple $1.1 billion in the July-to-September quarter, an uptick from the previous period, CEO Tim Cook said during the company’s earnings call with investors Thursday. Those cost projections, which are based on current rates and policies, could end up lower than expected as they did in the previous quarter. Apple incurred about $800 million of tariff-related costs for the June quarter, less than the $900 million estimate the company shared in May. Cook said most of

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Apple says Trump’s tariffs are adding another $1 billion to its costs

theverge.com Emma Roth 2025-12-14 05:53:42

is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. Posts from this author will be added to your daily email digest and your homepage feed. Apple is spending a lot on President Donald Trump’s tariffs. During an earnings call on Thursday, Apple CEO Tim Cook said the duties could add $1.1 billion to its costs during the September quarter. Cook says Apple has already spent around $800 million during t

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Most US iPhones are now made in India as Apple responds to tariffs

9to5mac.com Ben Lovejoy 2025-12-16 11:49:56

Most US iPhones are now made in India rather than China, as Apple rejigs its supply chain to avoid tariffs on products imported into America from China. The strategy will certainly be of significant help to Apple at present, but there are two reasons why this could prove to be only a temporary solution … Apple getting closer to its long-term goal The vast majority of iPhones are still assembled in China, but Apple has for many years been working on boosting the number of phones made in other

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Trump Ends Tariff Exemption for Small Packages

wired.com Zeyi Yang 2025-12-16 20:17:11

US President Donald Trump just dealt another blow to the embattled ecommerce industry, which is still reeling from sweeping tariffs Trump announced in the spring. On Wednesday, Trump signed an executive order widening the impact of those tariffs and making it more expensive for Americans to buy foreign products on sites like eBay, Etsy, and Amazon. The order eliminates the so-called “de minimis” provision, a long-standing policy that allowed people in the US to import packages valued at less th

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Brace for the Most Expensive Coffee Yet, as Trump’s Tariffs Mix With the Climate Crisis

gizmodo.com Frida Garza 2025-12-20 18:40:29

Eight years ago, when Debbie Wei Mullin founded her company Copper Cow, she wanted to bring Vietnamese coffee into the mainstream. Vietnam, the world’s second-largest exporter of coffee, is known for growing robusta beans. Earthier and more bitter than the arabica beans grown in Brazil, Colombia, and other coffee-growing regions near the Equator, robusta beans are often thought of as producing lower-quality coffee. In an effort to rebrand robusta, Mullin signed deals with coffee farming cooper

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Josh Hawley Wants to Send Out Rebate Checks So Americans Can ‘Benefit’ From Trump’s Tariffs

gizmodo.com Lucas Ropek 2025-12-21 10:05:54

President Trump’s tariffs have generated around 20 billion dollars in revenue for the U.S. government, although it’s worth noting that a vast majority of this wealth has been derived from import duties on American businesses. In other words, Americans are paying the federal government (many critics have noted that tariffs are just taxes by another name) for the pleasure of doing business with foreign exporters. For the fiscally confused, the New York Times recently wrote an explainer on tariffs

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Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

gizmodo.com Luc Olinga 2025-12-29 21:14:11

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

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Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

gizmodo.com Luc Olinga 2025-12-30 03:14:11

Tesla’s second-quarter earnings paint a grim picture: falling profits, slumping sales, and a reputation hit that keeps on hurting. The all-electric carmaker reported net income of $1.17 billion, down 16.3% from the same period in 2024. Revenue fell 12% to $22.5 billion from $25.5 billion a year earlier, marking Tesla’s second consecutive quarter of declining profits and revenue this year. The cause is clear: Tesla is selling fewer cars and cutting prices to chase demand. Deliveries fell 13.5%

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Ars Live: Consumer tech firms stuck scrambling ahead of looming chip tariffs

arstechnica.com Unknown 2026-01-03 00:22:19

We're roughly six months into Donald Trump's trade war, and tech firms remain in a fog, unsure what tariffs or retaliations could be coming next. To shed light on this struggle, we invite you to join us for an Ars Live talk at 1 pm ET on Thursday, July 24, with Consumer Technology Association (CTA) Vice President of International Trade Edward Brzytwa. We'll be discussing how tech firms are responding to tariffs so far and how looming chip tariffs could pose the biggest hurdle yet in sourcing al

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Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

wired.com Louise Matsakis 2026-01-05 08:51:28

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED. Lutnick ran

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Here Comes the Pain From Trump’s Tariffs

gizmodo.com Aj Dellinger 2026-01-05 20:35:02

As Donald Trump has given the automotive industry whiplash with his tariffs, which have, at different periods, applied to cars and car parts or haven’t applied at all. While it was hard to tell how the import tax would hit auto manufacturers, the impact is starting to look more concrete, and it ain’t pretty. As CNBC notes, Stellantis, the maker of Jeep, Dodge, Fiat, Chrysler, and Peugeot, warned on Monday that it’s expecting to lose about $2.6 billion this quarter due to Trump’s tariffs, accordi

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Trump's Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

wired.com Louise Matsakis 2026-01-05 20:51:28

Cantor Fitzgerald, a financial services company led by the sons of US Commerce Secretary Howard Lutnick, is creating a way for investors to bet that President Donald Trump’s signature tariffs will be struck down in court. Traders at the firm’s investment banking subsidiary, Cantor Fitzgerald & Co., say they have the capacity to buy the rights to hundreds of millions of dollars in potential refunds from companies who have paid Trump’s tariffs, according to documents viewed by WIRED. Lutnick ran

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Yes, the iPhone 17 Could Cost $2,400 With Tariffs. But Here's Why This Expert Says It's Unlikely

cnet.com See Full Bio 2026-01-10 23:02:00

With President Donald Trump threatening a higher 25% tariff rate for items produced in South Korea and Japan -- two major US tech suppliers -- you might be wondering if the rumored iPhone 17 or other Apple devices like MacBooks or AirPods will cost more soon. The answer is... maybe. But tariffs aren't the only culprit. After Apple's initial attempts to avoid the tariffs on iPhones, which have been primarily produced in China, Trump threatened Apple and other manufacturers with a 25% tariff for

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Tariff Troubles Ahead: Auto Experts Advice on Rising EV and Car Prices

cnet.com See Full Bio 2026-01-14 04:00:05

It's not just iPhones and TVs that might cost more. President Donald Trump's tariff policies might be driving up the cost of electric vehicles and combustion cars, too. EVs, in fact, might be especially vulnerable to the new tariffs that target China (a major exporter of critical metals) and the steel industry. China already has a near monopoly on critical minerals and rare earth metals used to manufacture cars, and these tariffs have given China a reason to use that as leverage over the US. Th

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Your Next Car Might Cost More: Industry Insiders Explain Tariff-Driven Price Increases and How to Offset Costs

cnet.com See Full Bio 2026-01-16 20:00:00

It's not just iPhones and TVs. President Donald Trump's tariff policies might be driving up the cost of electric vehicles and combustion cars, too. EVs, in fact, might be especially vulnerable to the new tariffs that target China (a major exporter of critical metals) and the steel industry. China already has a near monopoly on critical minerals and rare earth metals used to manufacture cars, and these tariffs have given China reason to use that as leverage over the United States. That's accordi

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Price of Switch 2 Might Increase Soon Because of Tariffs

cnet.com See Full Bio 2026-01-21 09:19:25

It's been more than a month since Switch 2 came out. As Nintendo's most expensive console, at $450, it has yet to see a price jump because of President Donald Trump's new tariffs, but that can still change. Trump first announced his plans for tariffs on April 2, the same day that the Switch 2 was revealed. The tariffs targeted two countries important to Nintendo: Japan, where the company is based, and Vietnam, where some of its products are manufactured. He did declare soon after the announceme

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You May Want to Buy a Nintendo Switch 2 Before Tariffs Drive Up the Price

gizmodo.com James Pero 2026-01-30 10:41:34

Nintendo’s Switch 2 may have avoided a tariff-related disaster at launch, but today is a new day full of fresh economic horrors, and that means (unfortunately for everyone) potentially new and more draconian U.S. tariffs. In letters to 14 countries sent on Tuesday, President Donald Trump threatened to drastically hike tariffs by as much as 40% by the end of the month, which, for the record, marks a several-week extension of prior tariffs that were set to take effect on July 9. Among those countr

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Trump's Biggest Tariff Deadline Lifts Soon: These 13 Companies Have Already Hiked Prices

cnet.com See Full Bio 2026-01-30 20:30:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but that could be about to change as the 90-day pause on the "reciprocal" tariffs is set to end this week. However things shake out, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently,

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Prime Day 2025: The Deals Are Here, but Beware of Looming Tariffs

cnet.com See Full Bio 2026-02-01 04:30:00

James Martin/CNET Amazon Prime Day, the mega retailer's summer shopping event, is here -- doubling in size from two to four days, Tuesday through Friday. Exclusive to Prime members, it offers some of the best Amazon deals of the year, but looming price hikes due to tariffs could leave you wondering how much of a savings you can expect. President Donald Trump's "reciprocal tariffs" have plenty of us feeling antsy about prices. According to a recent CNET survey, 64% of shoppers said they've boug

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Tariff Impacts Are Real: These 13 Companies Have Confirmed Price Hikes

cnet.com See Full Bio 2026-02-05 23:00:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In many cases and for many products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans haven't hit yet -- but they could soon, unless the 90-day pause on some rates is extended. Still, numerous companies have already hiked prices or said that they'll increase in the near-future -- including, most recently, a popular and CNET-approved brand of smart lights. Th

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How Much Will the iPhone 17 Cost? End of Tariff Pause Puts $2,400 in Play

cnet.com See Full Bio 2026-02-08 17:02:00

The rumored iPhone 17 is likely to cost more than the iPhone 16. Let's just get that out of the way up front. But why it may cost more -- and how much more -- is still in question. President Donald Trump's self-imposed deadline of July 9 for the "reciprocal tariff" pause could finally cap his months-long trade roller coaster, which has resulted so far in tentative trade deals with Vietnam, the UK and China. However, there's still plenty up in the air, including how tariffs could impact a new iP

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Tariff Impacts Are Real: I Found 13 Companies With Official Price Hikes

cnet.com See Full Bio 2026-02-16 17:30:00

Higher prices for a lot of popular products seem inevitable on our current trajectory. James Martin/CNET In a lot of ways and for a lot of products in the US, the biggest impacts of President Donald Trump's aggressive tariff plans are still a ways off in the near future. Still, numerous companies have already hiked prices or said that they will be increased in the near future -- including, most recently, a popular and CNET-approved brand of smart lights. The fact of the matter is that tariffs

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Philips Hue confirms upcoming US price hikes are due to Trump tariffs

techspot.com Rob Thubron 2026-02-24 15:27:00

A hot potato: A lot of companies try to avoid blaming Trump's tariffs for any price increases, but not Philips Hue. It has notified customers of a price hike starting on July that is a direct result of the new import duties, and the products might become even more expensive in the future. Parent company Signify told hueblog.com that its Philips Hue portfolio in the US will experience price hikes on July 1 as a "direct result of the tariffs." This might not be the only increase. The company add

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Philips Hue lighting is getting even more expensive on July 1 as a ‘direct result’ of tariffs

9to5mac.com Ben Schoon 2026-02-26 10:49:13

In the smart home world, Philips Hue already has some of the more expensive options, and now those prices are going even higher thanks to US tariffs. Over the past few weeks, Philips Hue has been advertising a 25% off sale to its customers via email with the added detail that “Our prices increase on July 1.” Signify, the company behind the Philips Hue brand, has now expanded on what this means. Speaking to HueBlog, Signify says that Philips Hue will “increase prices” in the US starting on Jul

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A False Start on the Road to an All-American Bitcoin

wired.com Joel Khalili 2026-03-05 04:30:00

US president Donald Trump waited a beat to soak up the applause. In front of a baying crowd of bitcoiners at crypto conference Bitcoin 2024 in July, he had just laid out his plan to turn the US into the world’s undisputed bitcoin mining superpower. “I want it to be mined, minted, and made in the USA,” he told the audience. “You’re going to be very happy with me—you’re going to be so happy.” Since returning to the White House, Trump has largely followed through on his crypto-related pledges: He

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Prime Day 2025: Early Deals Have Already Started, but Could Tariffs Cut Into the Savings?

cnet.com See Full Bio 2026-03-10 06:56:00

James Martin/CNET Amazon Prime Day, the mega retailer's summer shopping event, is set for July 8-11 this year -- doubling in size from two to four days. Exclusive to Prime members, it offers some of the best Amazon deals of the year, but looming price hikes due to tariffs could impact how much of a savings shoppers can expect. Amazon launched Prime Day back in 2015, and savvy shoppers have eagerly anticipated this annual event ever since. But this year, the event could overlap with the resumpt

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eBay and Vestiaire Collective Want an Exemption from Trump’s Tariffs

wired.com Paresh Dave 2026-03-11 17:30:00

Last month, Suzanne Smith-Darley felt fantastic. She had just bought a used Chanel handbag from a Japanese seller on eBay for $800—a steal compared to the original asking price of $1,400. About a week later an email arrived that crushed her: DHL was demanding a $142 fee for US tariffs before it would deliver the well-worn medallion tote to Smith-Darley’s Atlanta doorstep. “It goes to Japan, has a whole life, and it could be in the trash literally,” she says. “I’m willing to pick it out of the tr

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Amazon Prime Day Swells to a 4-Day Event, With Tariffs Still Looming Large

cnet.com See Full Bio 2026-03-12 19:17:18

James Martin/CNET Amazon Prime Day is getting even bigger this year. Amazon announced its summer shopping event will take place July 8-11 -- ballooning from two to four days. The mega retailer's sale, exclusive to Prime members, offers some of the best Amazon deals of the year. And while the sale days promise bargains and special offers, looming price hikes due to tariffs could impact how much of a savings shoppers can expect. Amazon launched Prime Day back in 2015, and savvy shoppers have eag

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Trump Touts China Trade Deal: Tariffs Back to Square One, Still Historically High

cnet.com See Full Bio 2026-03-15 00:30:00

Greg Baker/Getty Images President Donald Trump last week took to Truth Social to tout a new tentative trade agreement with China, albeit one that only really takes things back to square one and leaves the tariff rate against Beijing at historically high levels. "WE ARE GETTING A TOTAL OF 55% TARIFFS, CHINA IS GETTING 10%," Trump's post to Truth Social read, with a later post adding, "President Xi [Jinping] and I are going to work closely together to open up China to American Trade. This would

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Latest Tech News

Apple's tariff costs and iPhone sales are soaring - how long until device prices are too?

Apple projects tariff costs will hit $1.1B next quarter

Apple says Trump’s tariffs are adding another $1 billion to its costs

Most US iPhones are now made in India as Apple responds to tariffs

Trump Ends Tariff Exemption for Small Packages

Brace for the Most Expensive Coffee Yet, as Trump’s Tariffs Mix With the Climate Crisis

Josh Hawley Wants to Send Out Rebate Checks So Americans Can ‘Benefit’ From Trump’s Tariffs

Tesla’s Nightmare Continues as Musk Warns of ‘Rough Quarters’ Ahead

Tesla’s Nightmare Continues As Musk Warns of “Rough Quarters”Ahead

Ars Live: Consumer tech firms stuck scrambling ahead of looming chip tariffs

Trump’s Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

Here Comes the Pain From Trump’s Tariffs

Trump's Commerce Secretary Loves Tariffs. His Former Investment Bank Is Taking Bets Against Them

Yes, the iPhone 17 Could Cost $2,400 With Tariffs. But Here's Why This Expert Says It's Unlikely

Tariff Troubles Ahead: Auto Experts Advice on Rising EV and Car Prices

Your Next Car Might Cost More: Industry Insiders Explain Tariff-Driven Price Increases and How to Offset Costs

Price of Switch 2 Might Increase Soon Because of Tariffs

You May Want to Buy a Nintendo Switch 2 Before Tariffs Drive Up the Price

Trump's Biggest Tariff Deadline Lifts Soon: These 13 Companies Have Already Hiked Prices

Prime Day 2025: The Deals Are Here, but Beware of Looming Tariffs

Tariff Impacts Are Real: These 13 Companies Have Confirmed Price Hikes

How Much Will the iPhone 17 Cost? End of Tariff Pause Puts $2,400 in Play

Tariff Impacts Are Real: I Found 13 Companies With Official Price Hikes

Philips Hue confirms upcoming US price hikes are due to Trump tariffs

Philips Hue lighting is getting even more expensive on July 1 as a ‘direct result’ of tariffs

A False Start on the Road to an All-American Bitcoin

Prime Day 2025: Early Deals Have Already Started, but Could Tariffs Cut Into the Savings?

eBay and Vestiaire Collective Want an Exemption from Trump’s Tariffs

Amazon Prime Day Swells to a 4-Day Event, With Tariffs Still Looming Large

Trump Touts China Trade Deal: Tariffs Back to Square One, Still Historically High

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