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iPhone and Samsung facing imminent price hike: Cost to increase by 43%

Trade war could drive up phone prices worldwide. The cost of iPhones sold in the U.S. is set to rise by 43%. This is due to Apple manufacturing their phones in China. Samsung, with production in Vietnam, will also be hit by the tariffs.

The trade war will negatively impact the world’s largest smartphone manufacturers. Additional tariffs imposed by the United States will significantly increase costs. Apple mainly produces in China, with analysis by Reuters indicating a 43% rise in the iPhone’s selling price in America.

However, experts note that an increase of over 10% is challenging.ACIL EMERGENCY MEASURE Apple is rumored to have taken urgent action to avoid new customs duties. It’s reported that five plane loads of phones were moved from China to the U.S. SAMSUNG WILL BE AFFECTED Another smartphone giant, Samsung, is also facing cost hikes. The South Korean company conducts a significant part of its production in Vietnam. President Donald Trump had imposed a 46% additional tax on Vietnam, leading to an estimated cost increase of up to 20% in Samsung models.

iPhone and Samsung facing imminent price hike: Cost to increase by 43%

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