Why Apple will be able thrive despite trade war
on Monday, buoyed by the possibility of re-opened trade negotiations with China, but a couple of Wall Street firms say the technology giant is better positioned than some might think even if the trade war continues.
Apple's stock rose 1.6% in trading from its previous close of $202.64 a share, leading the rise in theon Monday. J.P. Morgan has an overweight rating on Apple with a $243 price target. While Chatterjee said that how new tariffs are implemented Dec. 15 is still uncertain, the iPhone launch will avoid a bill-of-materials increase in cost of between $30 to $50 per iPhone. This will allow the company to better absorb the cost of the tariffs without raising prices yet for U.S. buyers.
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