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New China Tariffs Can Boost Apple iPhone Costs By 3 Pct.

May 15, 2019

Via: Pymnts

New tariffs imposed by China could cause Apple’s iPhone production costs to rise as much as 3 percent, and negatively impact the company’s revenues.

According to Fortune, Wedbush analyst Dan Ives told investors that the tariffs would mean a boost in the smartphone’s manufacturing cost by 2 percent to 3 percent. That means Apple would probably need to raise iPhone prices by a similar amount to recoup those costs.

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