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Apple fans admit that the price of their phones is high, but it is difficult for them to change phones. But what about the new rise in prices because of new US taxes? Will prices rise in Libya?
US President Donald Trump has imposed new taxes on technology imports from China, including US-made iPhones made in China by Foxconn factories, with 10 percent of imports coming from China. from China.
Wedbush Financial Financial Services' financial and economic expert, Daniel Evans, said customers should pay between $ 75 and $ 100 more to buy new iPhone phones.
The most important phones to include are recent models such as XS, XS MAX, XR.
Will these taxes be applied in Libya and neighboring countries?
The answer is "no" because the iPhone phones entering Libya come directly from China, and therefore are not covered by US taxes, which is the Apple increase and the customs policy of each country.
For example, the price of an iPhone XS MAX phone in Egypt is 1150 USD 64 GB, while in Saudi Arabia the same specifications are set at 1070 USD.
The reason is the VAT law in Egypt, while the value added tax in Saudi Arabia is lower than that in Egypt.
This means that the prices of the iPhone will remain as they are in Libya, unless Apple decides to raise prices, which is unlikely. Increasing the value of customs duties and taxes in Libya at some point, or even reducing taxes, would result in lower prices.
It is unlikely that Apple will reduce its prices after the tariff increases, but Apple is expected to lose between 6 and 8 million iPhone if taxes continue.
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