Apple CEO Tim Cook says iPhone price hikes are not tied to tariffs

Apple CEO Tim Cook said that price increases in the latest iPhone models are not dependent on President Donald Trump’s comprehensive tariff plans.

CNBC’s Jim Cramer, Apple’s Fifth Avenue Store in New York CNBC from CNBC to Jim Cramer’a worldwide stores on the market “There is no increase in prices to be completely open,” he said.

Cook is one of the first examples of the tariffs related to iPhone prices.

At the beginning of this month, Apple increased the price of the iPhone 17 Pro model $ 100, maintaining the prices of entry -level phones. He also introduced an air model that was changed at the perpendicular price point of Plus.

Many analysts expected a large price increase despite Cook’s attempts to beat tariffs.

He returned the supply chain to import iPhones from low tariff countries such as Apple, India and Vietnam to get over the Levis. Apple has historically produced the majority of its products in China.

Cook also took part in the public with Trump for committing at least $ 600 billion to support the company’s production and supporting suppliers.

During the June quarter, Cook announced that the company received a blow of $ 800 million from tariffs.

It also faces questions about Apple, Slow AI presentation and increasing competition in international markets such as China.

“There is AI all over the phone.” He said. “We are not just saying that”.