US tariffs: Smartphones, PCs may become expensive for customers, says S&P

NEW DELHI: Smartphones and personal computers (PCs) may become expensive as a result of manufacturers passing on the higher costs, arising from US tariffs, to end-consumers, S&P Global Ratings said.

‘We expect PC and phone makers will pass on the higher cost to customers even if it leads to some demand destruction, especially for consumers who make up 45% of PC sales and most of smartphone sales,’ the global credit ratings agency said in a research note, seen by ETTelecom.