Tuesday August 20, 2019
Home Lead Story Apple iPhones...

Apple iPhones to Get $100 Costlier After US’ New China Tariffs: Report

Over the past year, China and the US have imposed tariffs on billions of dollars of one another’s goods

0
//
Apple, iPhone XR
Phil Schiller, Apple's senior vice president of worldwide marketing, speaks about the new Apple iPhone XS, iPhone XS Max and the iPhone XR at the Steve Jobs Theater during an event to announce new Apple products, Sept. 12, 2018, in Cupertino, Calif. (VOA)

Apple iPhones would be around $100 more expensive in the US once new 10 per cent tariff on $300 billion in goods imported from China comes into place from September 1.

“iPhone sales in the US, China and other markets could fall by 8 million to 10 million,” CBS News reported late Friday, quoting analysts.

Apple lost $42 billion in stock value after Trump tweeted new tariffs on China on Thursday.

Apple XS Max starts at $1,099 and new 10 per cent tariff would mean a roughly $110 hike.

Trump escalated his trade war with China by announcing that he would impose a fresh 10 per cent tariff on another $300 billion of Chinese goods that will take effect from September 1, prompting a swift rebuke from Beijing and jolting global financial markets.

Smartphones
iPhones on display at an Apple store in Virginia, USA, April 4, 2016. VOA

The development comes after the latest round of talks, led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin with Chinese delegation headed by Vice Premier Liu He in Shanghai, showed little sign of a breakthrough.

The duty is likely to target a wide range of goods, from smartphones to clothing.

Also Read: RBI to File Compliance Report on Whatsapp Payment Service

Trump also said that tariffs could be lifted further in stages to more than 25 per cent.

Over the past year, China and the US have imposed tariffs on billions of dollars of one another’s goods. (IANS)

Next Story

Apple ‘Bug’ Puts iPhones with Latest iOS to Hacking Risk

The announcement was made by Ivan Krstic, Head of security engineering and architecture at Apple, during the annual Black Hat security conference in Las Vegas

0
Apple, Campus, China
A customer is entering the Apple store in Fairfax, Virginia. VOA

Apple has reportedly unpatched a bug in the latest iOS update 12.4 that it had fixed in the earlier iOS 12.3 update — leaving its most up-to-date iPhones vulnerable to hacking risk.

According to Motherboard, security researchers have already exploited the vulnerability in iOS 12.4 and released a public “jailbreak” on open-sourced software development platform Github — the first free public jailbreak for a fully-updated iPhone that’s been released in years.

As a result of the mistake, all iPhones running iOS 12.4 can now be jailbroken and several iPhone users have already tweeted that they are successfully running the “jailbreak”.

Jailbreaking an iPhone lets people customize their iOS devices and run unsupported apps.

Apple never allows unsupported apps on its iOS platform, which makes its devices extra secure.

The Cupertino-based tech giant was yet to respond to this.

Apple had fixed this flaw, found by a Google hacker, in the earlier iOS 12.3 version.

Smartphones
iPhones on display at an Apple store in Virginia, USA, April 4, 2016. VOA

“Due to 12.4 being the latest version of iOS currently available and the only one which Apple allows upgrading to, for the next couple of days (till 12.4.1 comes out), all devices of this version are jail breakable and vulnerable to what is effectively a 100+ day exploit,a Jonathan Levin, a security researcher was quoted as saying.

A security research that goes by the name of “Pwn20wnd” has published a jailbreak for iOS 12.4.

“The exploits for the iPhone can sell for millions of dollars, which means that no one has been willing to release jailbreak code publicly because Apple will quickly patch it,” said the report.

Also Read: India’s Chandrayaan-2 on Course to Moon

Security experts have warned to be careful what apps they download with this jailbreak.

Apple recently announced to pay up to $1 million to security researchers for finding flaws and vulnerabilities as part of its bug bounty programme.

The announcement was made by Ivan Krstic, Head of security engineering and architecture at Apple, during the annual Black Hat security conference in Las Vegas. (IANS)