Apple plummets on Trump tariffs
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The adjustments are a short-term stopgap while Apple attempts to win an exemption from President Trump’s tariffs—which Chief Executive Tim Cook obtained during the first Trump administration.
From The Wall Street Journal
The situation elsewhere isn’t favorable for Apple, either.
From Digital Trends
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According to a Reuters report published on Friday, analysts from Rosenblatt Securities said Apple could increase iPhone and Apple Watch prices by 43%, iPad prices by 42%, and AirPods by 39% to offset the extra cost. Just to put this into context, it would mean the base iPhone 16 model would see a price increase from $799 up to $1,142.
Many US multinationals - long seen as shining symbols of globalisation, with their sprawling supply chains - are coming under rapidly mounting pressure as the US has slapped its trading partners around the globe with punitive tariffs.
Apple has held the price of iPhones the same for some years — although only in the US and China. Even if Apple can absorb some of the new costs, it seems inevitable that the iPhone 17 range will ...