The vast majority of iPhones are assembled in China, but the tech giant uses parts from all over the world to make the finished product.
The Apple iPhone could cost upwards of $2000 in the United States in the near future due to President Donald Trump’s sweeping tariffs on imports from China and other countries.
According to a report by the Wall Street Journal, Apple’s total cost of parts for the 256 GB variant of the iPhone 16 Pro, for example, will go from $550 to $820. The increase is due to a hike of 54 percent on imports from China, WSJ quoted TechInsights analyst Wayne Lam as saying.
The vast majority of iPhones are assembled in China, but the tech giant uses parts from all over the world to make the finished product.
The total cost of iPhone manufacturing is likely to go up by 43 percent, according to analysts quoted in a Reuters report. This includes manufacturing, testing, and other overhead costs that Apple incurs while making the phones.
That means a customer could have to pay around $1500 for the baseline iPhone 16 model. Currently, it costs $799. The top model iPhone 16 Pro Max, which is a 1TB variant, might end up costing $2,300, up from the current $1,599.
When Trump announced his tariff measures against China during his first term as US President, Apple managed to secure an exemption. The company, however, hasn’t been able to secure such an exemption so far this time. No exemptions have been granted so far for any single product.
Credit: hindustatimes