Apple stores reportedly hit by iPhone panic buying ahead of expected price hike
Portfolio Pulse from
Apple stores are experiencing 'panic buying' as customers rush to purchase iPhones before anticipated price increases caused by new 54% tariffs on Chinese imports. Analysts predict iPhone prices could jump by 43%, potentially reaching $2,300 for the Pro Max model. Apple is strategically shifting manufacturing to India to mitigate tariff impacts, planning to produce 25 million iPhones there by 2025.
April 08, 2025 | 3:15 pm
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Apple's stock has already experienced a 15% drop in five days due to tariff concerns, with potential further impact from manufacturing cost shifts and potential price increases.
Tariffs could significantly increase iPhone production costs, potentially reducing profit margins and consumer demand. The stock's recent volatility reflects market uncertainty about Apple's ability to manage these challenges.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100