Moving Production to US Would Drive Up iPhone Prices, Analyst Says

Bank of America estimated iPhone prices would increase by as much as 20 percent if Apple followed through with President Donald Trump’s call for it to shift its factory operations to the U.S. “Apple prices may increase because of the massive Tariffs we may be imposing on China -- but there is an easy solution,” Trump tweeted Saturday. “Make your products in the United States instead of China. Start building new plants now.” Moving production “(100 percent of final assembly) to the U.S.,” the company would need “20 percent price increases to offset the incremental labor costs,” analyst Wamsi Mohan said.