The increased tariffs in the U.S. and Canada have raised the cost of an iPhone by 50%, which may result in Apple losing $33 billion annually

A 256GB version of the iPhone 16 Pro has an official price of $1,100. According to calculations by American media, the cost for Apple to produce one phone is approximately $580. However, after the U.S. announced a so-called "reciprocal tariff" of 34% on China, along with the existing 20% tariff, the additional tax amount will reach $296.86. The cost of one phone rises to $876.79, an increase of over 50%. According to Morgan Stanley's predictions, the cost of this round of tariffs could result in losses for Apple of up to $33 billion annually