Get the latest tech news
Apple Stock Sell-Off Continues After China Unveils Matching Tariffs
Apple stock dropped 4% in early Friday trading, broadly following yesterday's trend after China announced reciprocal tariffs in response to U.S....
The latest decline follows Thursday's dramatic 9% plunge that erased nearly $300 billion from Apple's market value – the company's worst single-day performance in five years – amid growing fears that Trump's trade war will hurt the global economy. Countries where Apple has been expanding its supply chain, including India, Thailand, Malaysia, and Vietnam, were also targeted with tariffs above Trump's global baseline rate of 10%. Analysts warn Apple faces difficult choices ahead, potentially needing to raise U.S. hardware prices by approximately 30% to offset the tariff impact or accept significant hits to its profit margins.
Or read this on Mac Rumors
