According to reports, Apple is looking to combine new features and design tweaks with a price increase for its fall iPhone lineup.
Premarket trading saw a seven increase in the company's shares.
According to the reports, the business is keen to steer clear of any situation where it seems to blame price hikes on US taxes on items from China, where the majority of Apple gadgets are made.
Apple has increased its inventory and moved its U.S. manufacturing to India in response to mounting pressure over trade tensions between the US and China.
Earlier this month, Tim Cook, the CEO of Apple, said that India would supply the majority of iPhones delivered to the United States during the April–June quarter.
However, due to India's infrastructure and technological capabilities are still insufficient to sustain mass manufacturing at China's scale, the majority of production for Apple's high-end Pro and Pro Max models will continue to be handled by Chinese facilities.
The ultra-thin iPhone 17 Air, which would replace Apple's Plus model, is anticipated to be part of the future iPhone range, which is anticipated to be named iPhone 17.
The base model of the iPhone 16 costs $799, while the iPhone 16 Pro Max costs $1,199.
According to reports, the 125 percent Chinese charges on US goods will be lowered to 10 percent by May 14, while the combined 145 percent US levies on the majority of Chinese imports, including the rate linked to fentanyl, will be lowered to 30 percent.
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India's infrastructure and technical capabilities are still insufficient to sustain mass manufacture on the scale that China now offers, even while Indian plants are capable of creating Pro models.