Apple may spread higher costs across all products and services, says this expert. Here's how to save if you need a phone.

If Apple can move its production to India, which is currently excused from reciprocal tariffs, that could potentially help offset some of the price increase. That same analysis from UBS found that the cost of an iPhone 16 Pro 128 GB, costs $999 when made in India, could increase to $1,119, a more modest rise of 12%.

The iPhone 16 Pro Max 256 GB, which is among the devices that are assembled in China, retails for $1,199. Under the new tariffs on Chinese imports, the price of the device could rise by $675, or 56%, lifting the price tag to $1,874, an April 9 analysts from UBS Investment Research shows.