Apple, iPhone and Trump
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Gurman believes Apple will pursue a combined strategy to mitigate these impacts.
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Trump’s sweeping new tariffs on America’s trading partners took effect on Wednesday, including a combined total of 104% against goods from China.
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Experts say the price of an iPhone could jump 43% from $799 to $1,500.
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Apple urgently requested suppliers to ship as many premium devices as possible to the United States by air freight, especially those priced
The fear of soaring iPhone prices ahead of President Donald Trump's new tariffs is driving some customers to make purchases. Bloomberg reports that Apple store employees saw an uptick in foot traffic over the weekend amid growing concerns that iPhone prices could rise steeply after new tariffs are imposed.
However, with the iPhone 17 expected in September, Apple will likely have to navigate tariffs on its next-gen smartphone. The Wall Street Journal reports that going forward, Apple
The "Magnificent Seven" stocks sank on Monday, extending a market rout that has wiped off around $2 trillion from their combined value as investors worry about the financial fallout of U.S. President Donald Trump's global tariff war.
A sharp selloff in shares of Apple Inc. illustrates investor skepticism about its ability to navigate President Donald Trump’s tariffs on China, Vietnam and India — countries all critical to the iPhone maker’s supply chain.
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Tech companies have found themselves in the crosshairs of Trump’s aggressive tariff policies this week, with the Magnificent Seven losing $2 trillion in value in the latest market downturn and possibly more pain to come.
After multiple painful days, Apple stock has finally enjoyed some recovery, finishing the day up after President Trump delivered a mixed message for the iPhone maker on the tariff situation.