Apple iPhones have a special place in people’s hearts, and for iPhone fans, it’s not about why — they just love them. But here is the news for all those who are thinking of getting an iPhone or upgrading: iPhone prices may rise soon. Yes! You heard it right. Now, you must be wondering about the reason behind it. Let’s explore everything you need to know in this blog.
Increased Tariff on Chinese Imports
The prices for the latest iPhone models are expected to rise due to the new tariffs introduced by Donald Trump, President of the United States. The Chinese imports will experience a 54% tax, which might impact the cost of the iPhones, as their costs are expected to rise from $580 to $850. Not only this, but he also introduced the 32% tax on goods from Taiwan. China and Taiwan are major players in global mobile phone production, so the increased tariffs on these countries might lead to a price hike in the global market, including Pakistan.
In response, Xi Jinping, the president of China, has also announced a 34% counter tariff on all US imports in the country starting from April 10, 2025. As a result, even the production cost of iPhones in China may rise due to the import of some iPhone parts from the USA.
Expected Taxes on Apple Products
Since most iPhones are made in China, they might get 30% to 45% more expensive, as per some sources. The iPhone 16 model could start at $1,142, whereas the iPhone 16 Pro Max could cost up to $2,300. Furthermore, Wedbush Securities predicted the price of 256GB iPhone 16 pro to jump from $1,100 to a shocking $3,500.
Conclusion
To sum this up, this increase in taxes is to encourage the purchase of domestically (USA) produced goods instead of preferring foreign ones. Furthermore, it was suggested that moving iPhone production to America would help in lowering the prices, but it was neglected as the raw materials would still be imported. Therefore, these increased tariffs will most probably lead to the iPhone prices to rise.
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