Jim Cramer has raised alarms about the impact of tariffs on Apple Inc., noting that the company is particularly vulnerable due to its assembly operations in China. Following tariff announcements against Canada, China, and Mexico, Apple's stock fell, with only slight recovery after some tariffs were delayed. Apple's sales are already suffering in China, evidenced by an 18% decline in iPhone sales year-over-year and a drop in quarterly revenue from Greater China from $20.8 billion to $18.5 billion, emphasizing the serious ramifications of a potential trade war.
When tariffs on Canada, China, and Mexico were announced, Apple shares plunged. They recovered slightly when tariffs on Mexican and Canadian goods were delayed.
Apple has already lost ground in China. In December, iPhone sales dropped 18% year over year, which left it in fifth place in market share.
Apple's revenue from 'Greater China' declined significantly from $20.8 billion to $18.5 billion, revealing the potential impact of tariffs on Mac and iPad as well.
Jim Cramer's insights highlight the critical danger tariffs pose to Apple, as tariffs could lead to a shattering blow to their market standing.
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