Apple Considers Price Increase: 'New iPhone Well Above $1000'

US President Donald Trump has met with Apple CEO Tim Cook, as confirmed by Trump to the Wall Street Journal. This conversation comes at a time when Apple is considering raising prices for its most popular products due to looming trade tariffs, according to tech journalist Joe van Burik.

Although tensions have eased slightly after China and the US agreed to lower import tariffs, the impact on the tech sector remains noticeable. Apple's stock surged by 6% following the news.

Consumers should brace for price hikes on Apple products, warns Van Burik. The upcoming iPhone-17 is expected to be more expensive, with Apple likely justifying the increase by highlighting new features and design improvements.

Trump also mentioned discussing Apple's planned $500 billion investment in the US, though Van Burik notes that Apple would have made these investments regardless.