the organization’s basic iPhone 17 variants. In particular, The Information conveys that Apple has instructed Foxconn and other manufacturers to ramp up production by 40%. This represents a considerable increase and contributed to pushing Apple shares to $245 prior to the market’s closing on Friday.
Naturally, without further context it’s challenging to fully understand the situation. For instance, it’s conceivable that the demand for the iPhone 17 is elevated simply because consumers perceive the iPhone 17 Pro models as too costly. Recall that the base model iPhone 16 Pro was set at $999. The basic iPhone 17 Pro, on the other hand, begins at $1099.
A $200 price hike is not insignificant, and could be the factor driving the heightened interest in the iPhone 17. By the way, Tim Cook mentioned to CNBC this week that the price alteration has nothing to do with President Trump’s tariffs. “There’s no increase for tariffs in the prices to be totally clear,” Cook stated.
