US users flock to Apple Stores due to concerns over iPhone price hikes caused by Trump tariffs



The reciprocal tariffs imposed by President Trump, known as the 'Trump tariffs,' have caused Big Tech stock prices to fall across the board, but on the other hand, it has been reported that Apple Stores are seeing a large number of customers flocking to them.

Apple Customers Dash to Stores to Buy iPhones Ahead of Tariffs - Bloomberg

https://www.bloomberg.com/news/articles/2025-04-07/apple-customers-dash-to-stores-to-buy-iphones-ahead-of-tariffs

Apple Users Rush to Upgrade iPhones Ahead of Potential Tariffs-Related Price Hikes - WSJ
https://www.wsj.com/tech/apple-users-rush-to-upgrade-iphones-ahead-of-potential-tariffs-related-price-hikes-7640aa24

Customers panic-buying due to iPhone price increase concerns
https://appleinsider.com/articles/25/04/07/a-flood-of-panic-buying-has-started-in-anticipation-of-major-iphone-price-increases

Demand for iPhones increases as customers fear price hikes
https://9to5mac.com/2025/04/07/demand-iphone-apple-stores-us-tariffs/

The 'Trump tariffs' are a policy to raise domestic tariffs based on the tariff rates and non-tariff barriers of other countries, and will impose large-scale tariffs on imports from overseas. This is a major blow to the high-tech industry with its global supply chains, and stock prices fell sharply just because the tariffs were announced.

President Trump's announcement of mutual tariffs hits the tech industry hard, causing stock prices of Apple, Amazon, Meta, NVIDIA, Alphabet and Microsoft to plummet - GIGAZINE


By

Gage Skidmore

The company that was pointed out to be particularly affected is Apple, which manufactures many of its flagship products, the iPhone, in China. The United States has imposed a 20% tariff on China, accusing it of being a source of synthetic drugs, and from April 9th, a reciprocal tariff of 34% will be added, bringing the total tariff to 54%.

According to news sites Bloomberg and the Wall Street Journal, people worried that iPhone prices might go up are flocking to Apple Stores. @schmuck, who recently visited an Apple Store in Chicago, said in a photo that the store doesn't look 'crowded,' but some stores are reporting that sales in the past week have exceeded those of the previous year.



While Apple did not comment on the matter, it has announced plans to increase supplies from India, where reciprocal tariffs are lower than China's at 26%, as a short-term stopgap measure.

News site Bloomberg pointed out that since Apple is selling inventory, this could have a positive impact on its third-quarter results (April-June 2025), and that the negative impact of the tariffs would not become apparent until the quarter after July.



Related Posts:

in Hardware, Posted by logc_nt