Your next iPhone could cost over $3,500 due to factors beyond chip shortages, primarily stemming from new tariffs on electronics and semiconductors. Most iPhones are produced in China, and these tariffs could significantly impact Apple's global supply chain, potentially driving the price of an iPhone 16 Pro Max from $1,199 to over $3,000. Despite historical assertions by Steve Jobs that manufacturing jobs won't return to the US, and even with Apple's investments in the US and India, the core production remains overseas. The rising tariffs challenge whether Job's theory will hold true or if a $3,500 iPhone is what it takes to bring production back to the US. Follow Benzinga for more insights on the impact of global trade on technology.
