[murukesh_s]

Even if there are zero tariffs, the per capita difference is so huge. US was so far reaping the benefit of product made with labour from developing countries and consumers getting wages from developed country, making buying a new phone a rather insignificant portion of total yearly salary, however for a common man in developing country, owning an Apple device is sometimes equal to your yearly salary. So yea even if manufacturing moves to US and prices doubles, the consumers can absorb it.

[seanmcdirmid]

Consumers won't absorb it, they will just buy less of it, like the common man in the developing country does. You don't just absorb higher prices, you re-prioritize your spending so that you still spend the same.