Apple Reportedly To Hike Prices Of Upcoming IPhone Lineup, Stock Up In Pre-Market

(RTTNews) - Apple Inc. (AAPL) is considering raising the prices of its upcoming iPhone lineup, featuring new capabilities and design changes, according to a report by The Wall Street Journal.

The report added that the tech giant is also seeking to avoid linking any price increases to the recent U.S. tariffs on imports from China, where most of the company's products are assembled.

Notably, the changes in tariffs were expected to add around $900 million in costs for Apple products during the April-June quarter. By adjusting iPhone prices, the Cupertino-based company would be able to offset the higher tariff costs.

In the pre-market hours, Apple is trading at $211.52, up 6.55 percent on the Nasdaq.