Estimating the cost to Apple of paying President Trump's import tariffs, Bank of America believes that a 9% price hike for the iPhone and all other devices, would prevent losses.
If Apple passes on its increased costs to buyers, and sales decrease, Bank of America estimates that the company would need to raise prices by 9%.
Should Apple simply pay the tariffs and take that hit itself, the Bank of America calculates that it would face a loss of 26 cents in earnings per share.
Most of Apple's iPhone 17 lineup won't be using its new C1 modem, Ming-Chi Kuo claims, but they will still benefit from a new in-house Wi-Fi chip design.
Apple CEO Tim Cook met with President Donald Trump on Thursday morning, likely to discuss the import tariff situation and US manufacturing.
