Apple Shoppers Are Panic-Buying iPhones as Tariffs Hit, Report Says

The fear of soaring iPhone prices as a result of US President Donald Trump's new tariffs is driving some customers to make purchases now. 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, Bloomberg reported this week. iPhones, which account for the majority of Apple's revenue, are manufactured in China, a country now facing tariffs of up to 125%. One employee told Bloomberg the surge felt 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 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 ... Read full article.