Overview

• Consumers are panic-buying iPhones over fears of significant price increases due to U.S. tariffs on Chinese imports.
• Manufacturing costs for iPhones have risen from $580 to $850, with experts warning prices could triple to $3,500 if production moves to the U.S.
• Apple is diversifying its supply chain by increasing production in India, where tariffs are lower than in China.
• Financial analysts predict iPhone prices could rise by 30% to 43% if Apple passes tariff costs onto consumers.
• Apple's stock has dropped 25% since the tariff announcements, reflecting investor concerns over supply chain disruptions and rising costs.