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Thats a hefty price rise indeed, but it comes with a few very important caveats.

We checked in with industry analysts to get a balanced view.

A hand holding the Apple iPhone 16 Pro Max

The tariffs were announced on April 3 by US President Donald Trump

Leaman continued: Apple typically absorbs 10-15% of shocks through margin compression and supply chain efficiencies.

That means actual price increases might be closer to 20-25%.

So were likely looking at a top-end iPhone maxing out around $1,900 by year-end.

US President Donald Trump speaks to the press as he signs an executive order to create a US sovereign wealth fund, in the Oval Office of the White House on February 3, 2025, in Washington, DC.

The tariffs were announced on April 3 by US President Donald Trump

So, a $2,300 iPhone is possible, but not probable."

The interesting question is how well each company can absorb or adapt to that impact.

Kuo added: India and Vietnam are far more likely than China to secure US tariff exemptions.

Apple iPhone 16 Pro Max REVIEW

Additionally, Kuo mentioned that high-end consumers may be more accepting of price increases.

This all means that a $2,300 iPhone seems like a fairly unlikely prospect at the time of writing.

Well have the latest iPhone news as we hear it via our dedicatediPhone coverage.