Panic Buying of iPhones Expected Before Price Increases, Report Says

iPhone Prices Expected to Increase

A new report claims that people are rushing to Apple stores to buy iPhones ahead of possible price hikes. Apple retail stores across the U.S. have seen increased shopping activity, with shoppers “panic-buying” iPhones. The concern stems from the tariffs imposed by the Trump administration on China, which could result in significant price increases for the popular smartphone.

Impact on Apple’s Bottom Line

The buying frenzy could potentially benefit Apple’s second-quarter financial results. With the company set to reveal its quarterly results on May 1, the increased sales driven by fears of price hikes may help boost Apple’s revenue. However, the uncertainty surrounding the tariffs and potential price increases has also led to a drop in Apple’s stock value.