Following the announcement of reciprocal tariffs by the U.S. government, a wave of panic buying has swept across American consumers. Fearing imminent price hikes, shoppers are flocking to stores to purchase electronic goods such as electric vehicles, smartphones, and televisions. Apple (AAPL, Financial) has responded swiftly to this surge in demand by stockpiling iPhones and other devices in the U.S. to stabilize prices in the coming months.
Reports indicate that within just three days, Apple arranged five cargo flights from India, loaded with iPhones and other devices, to the U.S. Additionally, shipments from China to the U.S. have been expedited. This move is unusual, as it occurs during a typically slow sales period.
Analysts suggest that Apple's quick action to transfer inventory from manufacturing hubs in India and China to the U.S. is a strategic measure to prevent short-term price increases, thereby safeguarding its market performance. This stockpiling effort is expected to support Apple's sales in the U.S. over the next few months.
