If you have an older Apple device that you've been considering upgrading, you're probably wondering how the newly announced tariffs

The price tag for Apple’s iPhones may increase by more than 40% after President Donald Trump announced sweeping reciprocal tariffs on U.S. trade partners, analysts said Thursday, as Trump’s trade policies will likely increase prices across several imported goods, including new cars, coffee, chocolate and other products.

While the extent of the tariffs and the unpredictable nature of reactions to them makes the future hard to see, Apple’s leadership is shrewd. They’ll have read The Art of War enough times to understand the need to preserve what resources they do possess and use what defensive opportunities they can exploit.

What's going on with tariffs? Trump announced a 10% baseline tariff on all imports plus "reciprocal tariffs" on imports from more than 180 countries April 2, which he dubbed "Libe

The iPhone maker faced its biggest one-day drop in five years as investors panicked over Donald Trump's heavy tariffs on its supply chain hubs.

The iPhone maker spent years trying to move production of some products out of China to avoid tariffs. But now that may not matter.

China still accounts for the majority of Apple iPhone production, but the tech giant has sought to ramp up manufacturing in places like India and Vietnam.

Investors are clearly concerned about the impact tariffs might have on Apple, which at one point on Thursday was having its worst trading day in five years. Bank of America analyst Wamsi Mohan on Thursday morning cut his price target on Apple from $265 to $250, though he maintained his buy rating on the stock.