People989? ??? ??? ??rushing to Apple stores to buy iPhones ahead of possible price hikes, a new report claims.
According to Bloomberg, Apple retail stores across the U.S. have registered increased shopping activity over the weekend, with shoppers "panic-buying" iPhones.
"Almost every customer asked me if prices were going to go up soon," one Apple employee told Bloomberg.
The shoppers are worried about iPhone prices increasing due to the wide-ranging set of tariffs that the Trump administration recently imposed on China and many other countries. In one calculation, the iPhone 16 could go up from $799 to $1,142, and the most expensive model could cost as much as $2,300. The iPhone is mostly produced in China, which was hit with a 54 percent tariff.
These calculations could be way off. Trump could make some sort of trade deal with China, and even if the tariffs remain as they are, it's unclear how much of the price increase Apple would pass on to customers. Still, the sheer prospect of iPhones getting pricier is pushing some buyers to pull the trigger earlier rather than later.
The buying frenzy could help Apple's second quarter bottom line; the company is due to reveal its quarterly results on May 1. Following the tariffs news, Apple stock plummeted to about $182 at writing time, down from a high of just over $260 in December 2024.
Fitness blogger posts empowering Instagram to show weight is just a numberThis naked dating show has sent British people into a meltdownSingapore tests out petrolMariah Carey wisely demands Mariah Carey music as she dinesMariah Carey wisely demands Mariah Carey music as she dinesFears for safety of YouTube vlogger after fans find ‘hidden messages'Third Eye Blind releases new song about police brutalityTraffic cam catches cyclist narrowly escaping car crashReal shark took a real bite out of retired NFL player Warren SappJ.K. Rowling blasts website for using her image without permission Best fitness tracker deals: Save on Apple, Garmin, and Fitbit devices Wordle today: The answer and hints for February 28 Luggage deals: Save on carry Nothing Phone 2a design revealed: Still transparent, still pretty cool Best leap day deals: Celebrate this rare day by scoring great savings on travel and home goods Apple reverses decision to kill home screen web apps in the EU Wordle today: The answer and hints for March 1 Forget videos. Google Genie lets users generate playable images resembling video games 4 unexpected work tasks made easier by AI AI can't replace writers, but it will soon do things no writer can do
0.144s , 9820.8046875 kb
Copyright © 2025 Powered by 【1989? ??? ??? ??】People are panic buying iPhones ahead of possible price hikes, report claims,Feature Flash