Wall Street analyst expects Apple to hike the price of some new iPhone models by $50

Group 1 - Jefferies analysts predict a $50 price increase for the iPhone 17, representing a 4% to 5% increase from 2024, primarily to offset tariff impacts [1][2] - The retail price of the iPhone 16 Pro Max starts at $1,199, and Jefferies estimates that 40% of the iPhone 17 will be manufactured in China for US consumers [2] - Apple is expected to report a strong June quarter despite the anticipated price hike, driven by increased consumer demand due to fears of future price increases [2] Group 2 - UBS analysts estimate that the spike in demand for iPhones due to tariffs in April and May has cooled in June, leading to expectations of softened demand for the iPhone 17 in September [3]