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How US abuse of tariffs against China affects Apple – and why China holds the cards
(www.globaltimes.cn)
Unlike shoes or hats, where you might buy less if prices increase, smartphones, especially iPhones, are a different story. iPhones, which currently dominate about half the US smartphone market, have become an integral part of the people's daily lives. Let's face it: Many Americans would feel lost without their iPhones, even for a day or just a few hours.
I don't know about this. A network connection and a means of texting; sure that's pretty integral. But iPhones themselves... that's a brand first, and a functional product at distant second. I kinda don't think it's more elastic than shoes. Sure, other phones are also gonna be impacted by tariffs, but other phones don't start with the big price tag that comes alongside a fruit logo.