Apple's iPhone Sales Forecasts Slashed As Trump Threatens 25% Tariff On Foreign-Made Smartphones

Sales of Apple Inc.'s iPhone and its key competitors are expected to weaken in 2025, according to Bloomberg. The decline follows President Donald Trump's threat of a 25% tariff on smartphones made outside the U.S. While smartphones received a temporary exemption in April, the renewed threat has added pressure to Apple’s stock and sparked fears of price hikes. Market research firms IDC and Counterpoint both slashed global smartphone shipment forecasts by more than half, citing tariff-related uncertainty and macroeconomic headwinds. IDC now projects just 0.6% growth, while Counterpoint forecasts a 1.9% rise. Huawei is seen as a rare beneficiary amid the turmoil, as its domestic chip production improves its resilience and international prospects.