iPhones costing over $2,000? A Wall Street analyst says it's possible.
iPhone prices are at risk with new tariffs. VW Pics/VW Pics/Universal Images Group via Getty Images Apple faces $40 billion in tariff costs due to new US tariffs on China and Vietnam, an analyst says. The tariffs could lead to a 40% price increase on iPhones, impacting demand and sales. China's retaliatory tariffs add pressure on Apple in the competitive Greater China market. Apple has some decisions to make. President Donald Trump announced sweeping tariffs on Wednesday that will disrupt the supply chain for many businesses. For Apple, the 54% tariff rate on China and a 46% tariff on Vietnam present a challenge: analysts estimate the vast majority of its product line is made in the two countries. If things continue as they are now, Apple is on track to face $40 billion in tariff costs, Rosenblatt analyst Barton Crockett wrote in a note. The tech giant will have to decide if it will try to offset the fees by raising iPhone prices. Crockett and Wedbush Securities analy...