Angelo Zino, equity analyst at CFRA Research, said the company will have a tough time passing on more than 5% to 10% of the cost to consumers.
"We expect Apple to hold off on any major increases on phones until this fall when its iPhone 17 is set to launch, as it is typically how it handles planned price hikes."
Even with some production moving to Vietnam and India, most iPhones are still made in China, and those countries were not spared from tariffs either, with Vietnam getting a 46% levy and India's coming in at 26%.
Apple would need to raise its prices by at least 30% on average to offset import duties, according to Counterpoint Research co-founder Neil Shah…
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