⭕ Apple is facing significant challenges as a result of the new tariffs announced by U.S. President Donald Trump, which could notably affect iPhone prices
⭕ The company is considered one of the biggest victims of Trump's tariffs on China; as it manufactures most of its phones in Beijing
⭕ The cost of components for the iPhone 16 Pro and assembly will rise from $580 to $850 due to new tariffs, according to The Wall Street Journal
⭕ The tariffs, which will apply to iPhones, threaten to increase prices by 43% since most of them are manufactured in China, according to a Forbes report
⭕ This means that the iPhone 16 Pro Max with the largest storage capacity of 1 terabyte could rise from $1599 to $2300, if the company passes the full cost of tariffs onto consumers
📌 Technology analyst at Wedbush, Dan Ives, says that tariffs on China and Taiwan will lead to the closure of the U.S. market to technology
📌 At the same time, prices for all electronic devices will rise by 40% to 50% for consumers, threatening to slow down the "digital revolution of artificial intelligence" due to these tariffs that need to be negotiated to become realistic levels
⭕ Apple sells more than 220 million iPhones annually; its largest markets include the United States, China, and Europe
⭕ According to estimates by Rosenblatt, tariffs will increase Apple’s costs by $40 billion
🔻 Apple has lost more than half a trillion dollars in value in two days following the announcement of Trump's new tariffs.. Its shares fell by 16% to their lowest levels in 10 months