
CosmicTaco
Apple Faces Tariff Turmoil: Stock Plummets
- Apple Inc. started the week with a significant decline, dropping nearly 4% on Monday.
- The company's stock has lost 20% over three consecutive days, erasing $640 billion in market capitalization.
- Tariffs imposed by the U.S. government on Apple's manufacturing hubs in China, India, Malaysia, and Indonesia are causing major concerns.
- Analysts predict a potential 30% price increase for Apple's top-end iPhone model if tariffs remain unchanged.
- The company faces tough choices: reduce prices and hurt margins or maintain prices and lose sales.
8mo ago
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