<h1>Major smartphone maker launches new models as 25% tariffs and regulatory shifts push prices up and heighten legal, investment risk</h1> A major smartphone manufacturer is launching its next models amid an intensified US trade policy imposing tariffs on imported devices, creating legal and commercial risk of across-the-board price increases to offset roughly 25% duties. US officials have publicly urged onshoring production-an option the manufacturer says is impracticable in the short term and would substantially raise consumer prices-while the company has made large investment pledges and other concessions to mitigate tariff exposure. Regulatory and litigation developments, including a court decision sustaining a multi-billion dollar search-default arrangement, affect revenue streams and competitive positioning as investors weigh tariff, innovation, and antitrust risks.