Shares of Apple Inc. sank again Friday, as President Trump’s plan for new tariffs on China-made goods offers a conundrum to the technology giant, which has...
Shares of Apple Inc. sank again Friday, as President Trump’s plan for new tariffs on China-made goods offers a conundrum to the technology giant, which has to decide whether to eat the extra costs or pass them on to consumers.
It has now lost 4.6%, or $44.0 billion in market capitalization, since the stock closed Wednesday at a nine-month high after a fiscal third-quarter earnings beat and upbeat guidance. Meanwhile, the Dow Jones Industrial Average DJIA, -0.91% was down 250 points in afternoon trading Friday, after falling 281 points on Thursday. See Market Snapshot.
If Apple chooses to pass the 10% tariff along to consumers by raising prices, Ives believes it will reduce iPhone demand by about 6 million to 8 million iPhones in the U.S. Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to...
Bank of America Merrill Lynch analyst Wamsi Mohan’s “back of the envelope math” regarding the tariff impact included a more dire scenario.
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