Apple may soon be forced to raise iPhone prices if Donald Trump’s latest round of proposed tariffs on Chinese imports goes into effect.
Trump wants to slap tariffs on the remaining $300 billion worth of Chinese goods. The Office of U.S. Trade Representative began the approval process this week. Those tariffs could go into effect by June 24 and if that happens, some analysts predict Apple will raise iPhone prices by 14% or more to offset the costs.
Apple’s worth a crazy amount of money these days, but what really separates it from previous eras is that it no longer lives or dies by one product. Look at any part of Apple’s business and you’ll find reasons to be optimistic.
The latest example of this comes from Bank of America, which bumped its price target on Apple stock from $230 to $250 a share. Why? Because the bank noticed that the App Store is booming — and not just in the category you might expect.
Your next iPhone could soon double as an iPad.
According to the latest Apple rumor, the company plans to launch a folding iPhone in the next two years, bringing Westworld-style tablets to the real world.
Apple’s new AirPods may look dork as hell when you wear them, but they’re already proving to be more popular with fans than the new Apple Watch Series 2.
Based on a new survey of US consumers by Bank of America, about 12 percent of of respondents say they definitely will purchase the shiny white AirPods, and it could mean billions for Apple.
Bank of America has announced that it is rolling out the ability for Apple Pay-using customers to withdraw money from its ATMs.
One day, your iPhone or Apple Watch could actually start dispensing money.
It’ll be your own money coming out of an ATM, but it’s still cool.
Officials at Bank of America and Wells Fargo have dropped hints that they have their eyes on incorporating Apple Pay into near-field-communication-equipped teller machines. Neither company is prepared to say when or how widely this will happen, but considering they’re two of the largest banks in the United States, this could be a big deal.
If you’ve been happily tapping up charges with your iPhone 6 using Apple Pay, you might want to double-check your bank statement.
Some early Apple Pay users with Bank of America accounts have reported that Apple’s new tap-to-pay solution has become a huge headache by charging their accounts twice for a single purchase. Bank of America has confirmed to Cult of Mac that it is issuing refunds for duplicate Apple Pay charges.
