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Trade-war Between US and China Could Make iPhones 3% More Costly

Ives’ estimates are just the latest by analysts about the impact of the U.S.-China trade war, the report added

The ongoing trade-war between the US and China has caused Apple’s iPhone production costs to rise as much as 3 per cent because of the new retaliatory tariffs imposed by Beijing.

“Tariffs on the device’s Chinese-made batteries and other components would increase its manufacturing cost by 2 per cent to 3 per cent,” Fortune quoted a Wedbush analyst Dan Ives as telling investors.

To recoup the same profit on each iPhone sold as before, Apple would need to increase iPhone prices by a similar amount.

“The price of an iPhone XS, for example, would rise from $999 to as much as $1,029,” the report said.

Apple, chinese
This Monday, Oct. 22, 2018, photo shows from left the iPhone 8, iPhone 8 Plus, and the iPhone XR in New York. The new XR phone has a larger display and loses the home button to make room for more screen. VOA

According to Ives, Apple’s costs could soar higher if the Trump administration follows through with a plan to add an additional $325 billion in tariffs to Chinese goods. If that happens, iPhones would cost an extra $120 each to produce.

Ives’ estimates are just the latest by analysts about the impact of the U.S.-China trade war, the report added.

Also Read- Indian Enterprises Realising Significance of Cloud Adoption: AWS

On May 10, that fight entered a new phase when President Donald Trump’s administration announced $200 billion in new tariffs on Chinese imports.

In response, China on Monday retaliated by announcing $60 billion in tariffs on US-produced batteries, coffee, and other products. Those tariffs would take effect on June 1. (IANS)

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