Panic Buying Hits Apple Stores Amid Tariff Fears

Amid fears of price hikes due to new tariffs on Chinese goods, Apple stores across the US are experiencing a surge in panic buying. Customers are rushing to purchase iPhones, anticipating that Apple may raise prices to offset increased manufacturing costs. The tariffs could raise the cost of producing an iPhone from $580 to $850. While Apple has not yet increased prices, the company is exploring options to mitigate the impact, including sourcing more products from countries like India.