Apple's iPhone 16E Launch, US Investment Pledge, Potential Price Hikes, And More: This Week In Appleverse

It was an eventful week for tech giant Apple Inc. AAPL, with the company making headlines for a variety of reasons. From the launch of a new budget-friendly iPhone to a significant investment pledge in the United States, Apple was in the spotlight. Here’s a recap of the top stories.

Apple Unveils Budget-Friendly iPhone 16e

Apple kicked off the week with the announcement of the iPhone 16e, a new affordable offering that replaces the third-generation iPhone SE. The announcement was made by Apple CEO Tim Cook in a video posted by the company. The new iPhone comes with several improvements over its predecessor.

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Apple Pledges Significant US Investment

In a meeting with President Donald Trump, Tim Cook reportedly pledged a significant investment in the United States and a shift in manufacturing from Mexico to the U.S. This announcement was made by Trump during a meeting with governors.

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New iPhone Expected to Boost Apple’s Revenue

Gene Munster of Deepwater Management predicts that the newly launched iPhone 16e will drive a revenue boost for Apple in FY25. Munster shared his insights on Apple's latest offering, highlighting three key takeaways from the new model.

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Apple May Increase iPhone Prices

In response to tariffs imposed by the Trump administration, analysts at the Bank of America suggest that Apple might have to raise iPhone prices by 9%. The tech titan may need to revise its pricing strategy to compensate for the costs related to the tariffs.

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Wireless Reverse Charging Feature for iPhone 17 Pro

Apple is reportedly testing a wireless reverse charging feature for its upcoming iPhone 17 Pro models. This feature would allow the smartphone to power other devices. The news was reported by a Weibo-based Chinese leaker.

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Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Rounak Jain