People are “panic buying” iPhones at Apple stores over fears of possible price hikes, as a result of the sweeping round of global trade tariffs announced by President Donald Trump.
According to a report by Bloomberg, Apple retail stores across the U.S. saw increased activity over the weekend as concerned shoppers rushed to buy iPhones, fearing that Trump’s tariffs might raise prices.
Employees from different Apple locations across the country say stores were filled with customers over the weekend — with many expressing concerns the company may have to significantly raise the prices of its iPhones to offset the effect of President Trump’s tariffs announced on Wednesday.
One employee tells Bloomberg that their Apple store was slammed with people “panic-buying” phones.
“Almost every customer asked me if prices were going to go up soon,” the worker, who asked not to be identified because they are not allowed to speak publicly, tells Bloomberg.
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