Apple considers iPhone 16 price hike due to US duty costs

Apple is considering a possible price hike for the iPhone 16 amid a 30% tariff on imported products from China. Although Apple's shares rose 7% after the temporary suspension of some tariffs, the company faces additional costs estimated at $900 million for the second quarter of 2025. The price of the iPhone 16 model could reach an estimated $1,142, up from $799 for the initial launch.