Today News - Merrill Lynch: A made-in-USA iPhone would cost 20% more

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Today News - Merrill Lynch: A made-in-USA iPhone would cost 20% more

Apple analyst Wamsi Mohan takes the measure of “demand destruction” under the Trump tariff regime. From a note to Bank of America clients that landed on my desktop Friday: Impact from tariffs remains a moving target. On Friday, President Trump indicated possibility of another $267bn tariff on Chinese imports, (beyond the $200bn proposed in the 2nd round). We est. ~$26bn in rev in F19 from “Other Products” (including Watch, AirPods, Beats, HomePod, and Accessories) and MacMini. Assuming a third o...

Source: http://c.newsnow.co.uk/A/2/953725920?-42097:28482:3

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