Briefing: US-China trade war could inflate iPhone costs by 3%

2019 iPhone cameras take center stage in new leak

They'll feature designs that are identical to the current iPhone XS series phones on the front, and the back will be the same apart from the new triple-lens camera array expected on both new iPhones.

Investors are concerned the increase in United States tariffs on China-made goods could make a major dent in Apple's earnings. The Dow Jones Industrial index dropped 2.6%, and the Nasdaq Composite dropped 3.5%.

First, it assembles its iPhones primarily in China.

Apple could still change its mind on the color lineup, but production on the new units should start within the next few month. If the tariffs became a reality, J.P. Morgan estimated iPhone prices could increase by 14 percent, according to CNBC. Big tech stocks were among the worst hit. Indeed, "Greater China" - which includes Hong Kong and Taiwan - represents Apple's third-biggest market, after the Americas and Europe.

"And given the reliance on China's established, low-priced labor force and expertise in manufacturing/tooling, a large-scale move out of the country would not only be costly, but could take multiple years to complete, potentially raising the odds of execution risk, in our view", the note continued.

According to Bloomberg's Apple and devices reporter Mark Gurman, the forthcoming iPhone 11 XR (name to be confirmed) will be available in lavender and green. In 2018, that region amounted to $51 billion in revenue, nearly a fifth of Apple's total revenue for the year.

While high-tech items like smartphones and tablets aren't included in the latest round of increased tariffs, they would be if Trump follows through with his threat to tax the remaining $300 billion of Chinese goods.

"However, in recent days, trade tensions have escalated and it bears watching whether this affects China consumer sentiment", the note continued.

With a larger battery, we'd be able to take part in advanced tasks like augmented reality and charging our Apple Watches during the day, making a huge difference to our everyday lives.

Apple stock is up 24.9% since January 1.

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