Trump’s tariffs have rocked the US and global economies, and it’s still unclear if there’s anything to be gained from them. Tariffs are affecting the world economy and will likely continue to do so until the US strikes new deals with China and other markets hit by the tariffs.
The immediate result is higher prices for US consumers, whether it’s goods sold on Amazon, imports from Temu and Shein, or accessories for the upcoming Nintendo Switch 2. The Xbox is also getting more expensive, and Sony has announced PS5 price hikes in certain international markets.
I already expressed concern that the iPhone 17 series could see price increases, including the iPhone 17 Air. I said I might rethink my purchase plans if that happens.
Apple addressed tariffs during its earnings report for the March quarter. We learned that Apple expects to pay around $900 million in tariffs during the June quarter, a significant amount. While the company reported $95 billion in revenue for the March 2025 quarter, nearly $1 billion in extra taxes comes directly out of profits, which is clearly not ideal for Apple.
Apple also assured investors and consumers that the iPhones imported into the US will come from India instead of China, implying prices shouldn’t change immediately.
Still, considering recent developments and the ongoing uncertainty around tariffs, I’m left wondering if Apple will raise iPhone prices to offset lost profits. I asked ChatGPT o3, one of OpenAI’s top models, to estimate how much Apple would need to raise iPhone prices to recover that $900 million in quarterly tariff costs.
The post I asked ChatGPT how expensive the iPhone will be with Trump tariffs costing Apple almost $1B appeared first on BGR.
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I asked ChatGPT how expensive the iPhone will be with Trump tariffs costing Apple almost $1B originally appeared on BGR.com on Mon, 5 May 2025 at 11:39:42 EDT. Please see our terms for use of feeds.