Apple Considers Price Hikes for Upcoming iPhone Lineup

Raising Prices Could Help Apple Cushion Higher Costs Stemming from the US Tariffs on Imports from China

- Reuters

Apple is weighing price hikes for its upcoming fall iPhone lineup but is keen to avoid linking any increases to US tariffs on imports from China, where most of its devices are assembled, The Wall Street Journal reported on Monday.

The technology giant's shares rose 7% in premarket trading, tracking gains in the wider market after Washington and Beijing agreed to temporarily slash the reciprocal tariffs on Monday. But Chinese imports will still be subject to a 30% levy in the US.