Apple Faces Up To 90% Cost Surge On iPhones If US Tariffs Stick: Analyst Looks At Possible Shift To India, Price Increase

BofA Securities analyst Wamsi Mohan maintained a Buy rating on Apple Inc AAPL with a price target of $250 Wednesday.Recently, client focus has shifted to the feasibility of manufacturing Apple products, such as iPhones, in the U.S.Mohan noted while Apple can find labor to assemble iPhones in the U.S., a significant portion of the sub-assemblies would still be manufactured elsewhere, assembled in China, and imported to the U.S.Also Read: Analyst Forecasts Tariffs Impact On Apple’s Profit And Highlights 2 Sof ...