Iphone Prices Set to Rise as Trump pushes Apple-Intel US Chip Deal

Iphone Prices Set to Rise as Trump pushes Apple-Intel US Chip Deal

Alicia Saduma
First Published: June 23, 2026, 5:40 PM EST

— Buying a new iPhone could soon become more expensive as Apple grapples with rising manufacturing costs, fresh tariffs and ongoing supply chain pressures that are expected to affect the company’s next generation of smartphones.

For years, Apple has managed to keep its products competitive while absorbing fluctuations in production costs. However, analysts say the latest economic pressures may leave the technology giant with little choice but to pass some of those costs on to consumers. If that happens, customers planning to upgrade their devices later this year could face noticeably higher prices than in previous launches.

The anticipated increase comes at a time when smartphone buyers are already feeling the effects of inflation and higher living costs. Industry experts believe Apple is weighing several options, including adjusting its pricing strategy, diversifying its manufacturing operations and improving supply chain efficiency to reduce the financial impact. Even so, many believe a price increase remains the most likely outcome.

The development also highlights the broader challenges facing the global technology industry. Rising production expenses, geopolitical tensions and changes in international trade policies have forced major manufacturers to rethink where and how their products are made. Companies must now strike a delicate balance between protecting profit margins and ensuring their products remain affordable to consumers.

”We’re doing our best to mitigate the huge increase that are being passed to us, and we’ve been trying to shield our customers from the increase, but the situation has become unsustainable,” saidTim Cook

CUPERTINO, CALIFORNIA - JUNE 08: Apple CEO Tim Cook delivers the keynote address during the Apple WWDC at Apple Park on June 08, 2026 in Cupertino, California in in Apple's annual WWDC runs through June 12.(Photo by Justin Sullivan/Getty Images)
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CUPERTINO, CALIFORNIA – JUNE 08: Apple CEO Tim Cook delivers the keynote address during the Apple WWDC at Apple Park on June 08, 2026 in Cupertino, California in in Apple's annual WWDC runs through June 12.(Photo by Justin Sullivan/Getty Images)

For consumers, the possible increase means purchasing decisions may become more difficult, especially in markets where imported electronics are already subject to taxes and currency fluctuations. Some buyers may delay upgrading their devices, while others could turn to older models or the growing refurbished smartphone market.

Although Apple has not officially announced pricing for its upcoming iPhone lineup, industry observers say the coming months will be closely watched. Any increase would not only affect millions of loyal Apple customers but could also influence pricing strategies across the wider smartphone industry as manufacturers respond to similar economic pressures.


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