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Apple Soars After Tariff Exemptions—And iPhones May Not Get More Expensive After All

  • Wall Street started the week positively, with the S&P 500 up 1.13% and Apple gaining 4.22% after tariff exemptions on smartphones were announced.
  • Apple saw a decrease in market share in China, falling from 21% to 17%, despite leading the smartphone market in the first quarter of 2024.
  • Commerce Secretary Howard Lutnick confirmed on ABC News that tariffs affecting iPhones may return soon.
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  • 38% of the sources are Center
38% Center
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t3nMagazin broke the news in on Sunday, April 13, 2025.
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