Trump's Tariffs Could Push Apple iPhone Prices To A Staggering $3,500, Says Top Analyst

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Trump's Tariffs Could Push Apple iPhone Prices To A Staggering $3,500, Says Top Analyst - Benzinga

Quick Summary:

What Happened: Dan Ives, the global head of technology research at Wedbush Securities, suggests that iPhones manufactured in the U.S. could cost more than three times their current price, reaching around $3,500.

Following President Donald Trump‘s global tariffs, a leading tech analyst has predicted that Apple Inc.(NASDAQ:AAPL) iPhones could see a significant price hike if manufacturing shifts to the U.S.

This is due to the necessity to recreate the complex production ecosystem that currently exists in Asia.“You build that (supply chain) in the U.S.with a fab in West Virginia and New Jersey.