There's no denying that tariffs will impact Apple's bottom line. However, the ultra-efficient market has likely already priced in worst-case scenarios for Apple.
Wedbush Securities analyst Dan Ives slashed his price targets for Apple and Tesla over the weekend as President Trump's tariffs threaten to disrupt both businesses.
An analysis by New Street Research shows tech hardware across the board will get much pricier.
Apple Inc (NASDAQ:AAPL, ETR:APC) shares traded more than 5% lower after analysis at Wedbush slashed their price target on the iPhone maker to $250 from $325 citing supply chain uncertainty due to US president Donald Trump's tariffs. Shares traded hands in the early afternoon on Monday at about $178.
The sudden and sharp stock market sell-off following the Trump administration's tariff announcements on April 2 is hitting the world's largest technology companies. Apple (AAPL -5.03%), Microsoft, Amazon, Alphabet (Google), Meta Platforms (Facebook), Nvidia, and Tesla -- a group known as the "Magnificent Seven" stocks -- have plunged from their highs.
Apple Inc. is well-prepared for tariff impacts due to diversified manufacturing and inelastic iPhone demand, allowing it to pass costs to consumers. AAPL stock is trading near its 200-week EMA, a historically strong support level, making it an attractive long-term buy. Despite the selloff, Apple remains historically expensive with a high P/E and PEG ratio, suggesting potential for further valuation contraction.
The Magnificent Seven trade is rolling over like we've never seen, with your average Mag Seven member off by over to 10% in the past week.
Foxconn, a Taiwan electronics contract manufacturer and significanlt Apple Inc (NASDAQ:AAPL, ETR:APC) supplier, reported record revenue for March. The company, formally known as Hon Hai Precision Industry Co, saw its March revenue grow 23.4% year-over-year to NT$552.1 billion driven by demand for AI-related products.
Apple just won a bid to stop its privacy legal battle with the UK from taking place in total secrecy. The UK government wants to be able to access data stored on the iPhone's Advanced Data Protection system.
The price of your next iPhone, smartwatch or AI server might be heading north - not because of innovation, but thanks to geopolitics. That's the message from UBS strategists in a note published Monday, warning that Trump's sweeping new import tariffs could jack up hardware prices by as much as 25% and trigger a deeper earnings hit for global tech stocks.
Apple was falling after a Wall Street bull cut his price target on the iPhone maker amid tariff fears.
Apple is appealing against a British government order to create a "back door" to its encrypted cloud storage systems, the Investigatory Powers Tribunal (IPT) confirmed on Monday.