On Thursday, Apple experienced a staggering loss of more than $250 billion in market value as its shares plunged by 8.5% following President Donald Trump's announcement of sweeping tariffs. The tariffs, perceived as detrimental by analysts at Wedbush Securities, have adversely affected not only Apple but also other tech giants like Tesla, Nvidia, and Amazon. With tariffs set to escalate, especially for Chinese goods, the potential for increased product costs or diminished profits is high for Apple as it navigates its supply chain and pricing strategies.
Apple's recent loss of over $250 billion in market value highlights the significant impact of trade tariffs on tech stocks, particularly amid global tensions.
Wedbush Securities analysts described the newly announced tariffs as 'worse than a worst-case scenario' for tech investors, indicating severe market implications.
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