In a shocking revelation, Bank of America (BofA) analysts have estimated that Apple's legendary iPhone may cost a whopping amount of up to ₹1,80,000 if the company switches to complete manufacturing in the United States. This is a possible 90% hike in price from its current global manufacturing setup, with China being at the center.
The report raises the prohibitive expense of local production of Apple's innovative phones in the domestic market, considering that the labor costs in America are much more expensive compared to the available production centers. As appealing as a fully American-sourced iPhone seems from the angles of patriotism and geopolitical ambitions, the increase in prices could make the phones untouchable by millions of global consumers.
For example, an iPhone 15 Pro Max now available at ₹98,000 may witness its price shoot up to nearly double at ₹1,80,000 if manufactured wholly in the U.S. Such a sudden move would affect customers' demand and compel Apple to reassess feasibility for its dedicated consumer base.
Apple has also started diversifying production by opening up shop in nations such as India and Vietnam. But switching completely to the U.S. would involve significant logistical and financial challenges that could change the face of the brand for years to come.
Source: Bank of America Analysis