Apple (AAPL) has chartered cargo planes to transport 600 tons of iPhones (equivalent to 1.5 million units) to the United States from India, according to Reuters. Anticipating tariffs, Apple had shifted some production to India and in an attempt to beat tariffs planned for India, Apple hoarded the phones.
For perspective, according to the Pennsylvania Department of Transportation, a fully loaded school bus weighs about 20 tons on average, so Apple ferried the equivalent of 30 school buses worth of iPhones out of India.
Wedbush Securities tech analyst Dan Ives wrote in a research note this week that the added levies could create a “category 5 price storm” for electronics. Levying taris at such rates is the equivalent of “flipping a boat upside down in the ocean with no life rafts,” he added.
The iPhone 16 Pro Max 256 GB, which is among the devices that are assembled in China, retails for $1,199. Under the new tariffs on Chinese imports, the price of the device could rise by $675, or 56%, lifting the price tag to $1,874, an April 9 analysts from UBS Investment Research (UBS) shows.
The price increase estimates were before Trump instituted a 90-day pause on tariffs which, notably, does not apply to China.
The iPhone flights began in March and have continued into this week, the report says.
Apple sells more than 220 million iPhones a year worldwide, with Counterpoint Research concluding that fifth of total iPhone imports to the United States now come from India, with the rest being produced in China. The report did not specify what type of iPhones are being produced in India, or if the flights consisted of a mix of models.
For the latest news, Facebook, Twitter and Instagram.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。