Your Next iPhone Could Cost $2,300--But Oil Prices Might Stay Stuck

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Source: oilprice.com


Your Next iPhone Could Cost $2,300—But Oil Prices Might Stay Stuck
https://oilprice.com/Latest-Energy-News/World-News/Your-Next-iPhone-Could-Cost-2300But-Oil-Prices-Might-Stay-Stuck.html


By Tom Kool - Apr 03, 2025, 12:41 PM CDT

President Trump’s sweeping new tariffs are sending shockwaves through global markets, sparking concerns across industries—from tech to energy. Announced Wednesday, the new tariff package imposes a minimum 10% duty on all U.S. imports and much higher rates for countries with significant trade surpluses with the United States. China, facing a 54% tariff, is expected to be among the hardest hit.

Apple could feel the impact more than most. Analysts estimate that if the company passes the full cost of tariffs on to consumers, the price of an iPhone 16 Pro Max could rise as much as 43%, potentially pushing it close to $2,300. Apple shares fell more than 8% following the announcement—its worst single-day performance since 2020.

Meanwhile, crude markets responded sharply to the combined effect of tariff fears and a surprise production announcement from OPEC+......................

The timing of the announcement, just as global growth fears intensify, added to market anxiety....................


Read more: https://oilprice.com/Latest-Energy-News/World-News/Your-Next-iPhone-Could-Cost-2300But-Oil-Prices-Might-Stay-Stuck.html

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I also found this at Reuters but I do not have a subscription to it.



A $2,300 Apple iPhone? Trump tariffs could make that happen.

https://www.reuters.com/technology/will-trump-tariffs-make-apple-iphones-more-expensive-2025-04-03/