Apple Shoppers Are Reportedly Panic-Buying iPhones Amid Looming Tariffs

The fear of soaring iPhone prices ahead of President Donald Trump's new tariffs is driving some customers to make purchases. Bloomberg reports that Apple store employees saw an uptick in foot traffic over the weekend amid growing concerns that iPhone prices could rise steeply after new tariffs are imposed. iPhones, which account for the majority of Apple's revenue, are manufactured in China, a country now facing tariffs of up to 54%. One employee told Bloomberg the surge felt a bit like the holiday shopping season. Although many customers reportedly asked about potential price hikes, the company has not provided store employees with guidance on how to respond to those inquiries. Apple did not immediately respond to a request for comment. The company's valuation fell by more than half a trillion dollars late last week, marking its worst performance over that time span in more than two decades. Panic-buying could boost short-term sales for the iPhone-maker, but the greater impact of ... Read full article.