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IPhone price could rise due to US / China tensions

Apple

Posted: May 21, 2019
Updated: May 21, 2019

by Lucie

Donald Trump’s announcement of a significant increase in US customs duties on Chinese products could raise the price ofiPhone most of whose components come from China.

The economic war between the White House and Xi Jinping could have serious repercussions on smartphonesApple. Their production cost could climb from 2% to 3% according to Daniel Ives of Wedbush. But import taxes continue to grow as the US president tweets, reaching 10% according to the latest estimates from the analyst.

The situation is delicate for Apple, already strongly criticized for the high selling price of its smartphones. If Europe should not be affected by this measure across the Atlantic, it is unlikely thatApple decides to take care of the production budget supplements. In addition, the Cupertino company made nearly 20% of its sales in China in 2018. Following President Trump’s announcement, Apple recorded a fall of almost 6% on the stock market.