One employee said their store was slammed with people panic-buying phones.
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It's an iPhone buying frenzy, says Bloomberg
3 months ago
3 months agoDon't hold your breath for the U.S.-made iPhone
3 months ago
3 months ago"Apple has what is among the most complex supply chains that has ever been designed in human history, and it is not going to be able to completely change that supply chain anytime soon."
The Administration's plan is to replace an army of Asian screw turners with automated factories that American high-school graduates will service.
Read More 'Millions of human beings screwing in little screws to make iPhones'
The tariff on Chinese goods could add about $300 to the current $550 hardware cost to Apple of an iPhone 16 Pro that currently retails for $1,100, according to TechInsights.
Read More WSJ: Apple to make iPhones in India to dodge Trump's China tariffs
Premarket: Apple is red (updated)
3 months ago
3 months agoFrom Barron's' "U.S. Stocks Set to Enter Bear Market as Trump Tariffs Spark Panic" posted early Monday.
"Along with many peers, Apple has been stocking up on inventory stateside for months in anticipation of the tariffs."
Read More Mark Gurman: How Apple will soften the blow of Trump's tariffs
Wedbush slashes its Apple target $75 to $250
3 months ago
3 months agoDaniel Ives — the Street's biggest tech bull — has thrown in the towel.
"You don’t become a trillion-dollar gadget company by charging for things at cost."
Read More How will Apple absorb the iPhone's post-tariff bill of materials?
"The company has a few months before it really needs to make a decision about whether or not it’s going to raise the price, eat the difference, or some combination of both."
"Effectively 100% of Apple's products sold in the US will be tariffed at a pretty exorbitant rate right now. That was not my base case. I'm not sure that was my bear case either." — Analyst Erik Woodring
Read More Morgan Stanley expects Trump's tariffs to drive iPhone prices up 15% - 20%
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