Iran Lifts Its Ban on Imports of New iPhone Models in Place Since Last Year

 The Apple iPhone 16 is displayed at the Apple Fifth Avenue store on Sept. 20, 2024, in New York. (AP)
The Apple iPhone 16 is displayed at the Apple Fifth Avenue store on Sept. 20, 2024, in New York. (AP)
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Iran Lifts Its Ban on Imports of New iPhone Models in Place Since Last Year

 The Apple iPhone 16 is displayed at the Apple Fifth Avenue store on Sept. 20, 2024, in New York. (AP)
The Apple iPhone 16 is displayed at the Apple Fifth Avenue store on Sept. 20, 2024, in New York. (AP)

Iranians will soon be able to get their hands on iPhones 14, 15 and 16 after authorities lifted a ban on new smartphone models by the US tech giant Apple, according to an announcement Wednesday.

The ban on new iPhone models had been in place since 2023 but now, the country's telecommunications minister said authorities are allowing the registration of the new models.

The minister, Satar Hashemi, said on X that the problem of registering new iPhone models on the Iranian market was “solved” and that Iran's President Masoud Pezeshkian backed the efforts of the communication ministry toward that goal.

Hashemi did not elaborate but said the import measures would be announced, soon.

Following the 2023 ban, iPhone 13 and older versions could still be imported amid high demand for an item that remains a status symbol for many young Iranians.

While the ban was in place, any iPhone 14, 15 or a newer model brought into Iran would stop working on Iran’s state-controlled mobile phone networks after one month, the time span for tourists allowed to visit the county.

The ban spurred a parallel economy for the older handsets, jacking up prices for the devices as many sought to put their depreciating Iranian rials into any physical commodity. It was a sign of the economic woes plaguing Iran after decades of Western sanctions.

Imports of iPhones have long been a contentious point — government statistics suggest that about a third of Iran’s entire $4.4 billion mobile phone import market consisted of iPhones before the ban.

Iran’s Supreme Leader Ali Khamenei in 2020 pointedly criticized iPhone imports though he had previously slammed what he described as all American luxury goods.

“Excessive imports are something dangerous,” Khamenei said at the time, according to a transcript on his official website. “Sometimes this import is a luxury product, meaning there is no need for it. I’ve heard about half a billion dollars were spent to import one type of American luxury cellphone.”

However, other foreign smartphone brands such as Motorola, Samsung, Nokia, Xiaomi and Huawei remain widely available in Iran.



Dell Forecasts Downbeat Fourth-Quarter Revenue on PC Weakness

The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
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Dell Forecasts Downbeat Fourth-Quarter Revenue on PC Weakness

The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)
The logo of Dell Technologies at the Milipol Paris, the worldwide exhibition dedicated to homeland security and safety, in Villepinte near Paris, France, November 15, 2023. (Reuters)

Dell forecast fourth-quarter revenue below Wall Street expectations on Tuesday, weighed down by weaker demand for its traditional PCs and competition from rival server makers, sending its shares down more than 10% in extended trading.

Despite booming demand for the company's AI-optimized servers used to handle large artificial intelligence workloads, Dell's PC segment has been grappling with stiff competition from rivals and weak consumer spending amid an uncertain economy.

Enterprise customers are being mindful of their PC and IT spending in the short term, Dell executives said on a post-earnings conference call, adding that the company's consumer business was weaker than expected.

Dell forecast fourth-quarter revenue between $24 billion and $25 billion. The average analyst estimate is $25.57 billion, according to data compiled by LSEG.

"The entire PC market is in a transition period and moving towards on-device AI functionality which still isn't that defined and is expected to solidify in 2025," Gadjo Sevilla, senior analyst for AI and Tech at Emarketer, said.

Revenue from Dell's client solutions group, which houses its PC business, came in at $12.13 billion, below expectations of $12.43 billion.

Rival PC maker HP also provided a weak first-quarter profit forecast, while electronics retailer Best Buy trimmed its annual forecasts against the backdrop of weak consumer electronics demand.

Investors are also keenly eyeing Dell's costs after the company flagged in May that higher expenses to build AI-heavy servers and competitive pricing would hurt its margins.

"Interest in our portfolio is at an all-time high, driving record AI server orders demand of $3.6 billion in Q3 and a pipeline that grew more than 50%," Dell's Chief Operating Officer Jeff Clarke said on Tuesday.

Revenue from the company's infrastructure solutions group unit, which houses its AI servers business, rose 34% to $11.37 billion and beat estimates.

Dell reported revenue of $24.37 billion in the third quarter, missing estimates of $24.67 billion.