$2,300 iPhone could happen soon due to tariffs, per analyst

Days after sweeping new tariffs on US imports were announced, many are still wondering what the actual bottom-line impact will be on everyday products. According to analysts at one firm, Apple’s current flagship iPhone could soon cost up to $2,300 for high-end models. Early estimates for iPhone increases post-tariffs are steep Akash Sriram writes at Reuters: The cheapest iPhone 16 model was launched in the U.S. with a sticker price of $799, but could cost as much as $1,142, per calculations based on projections from analysts at Rosenblatt Securities, who say the cost could rise by 43% – if Apple is able to pass that on to consumers. A more expensive iPhone 16 Pro Max, with a 6.9-inch display and 1 terabyte of storage, which currently retails at $1599, could cost nearly $2300 if a 43% increase were to pass to consumers. This is only one firm’s assessment of a possible impact, but I found the estimates fascinating nonetheless. It’s one thing to read about the various tariff rates, a ... Read full article.