Apple shares slide amid earnings concerns over Trump tariffs on China
- Apple shares dropped more than 3% on Monday after President Donald Trump announced 10% tariffs on imports from China, where the tech manufacturer assembles its iPhones and other products.
- The company reported 4% revenue growth last week to $124 billion in the December quarter, but sales in China, Taiwan, and Hong Kong declined 11%.
- The financial impact of the tariffs on Apple may depend on how much production can be moved outside of China, according to Bank of America Securities analyst Wamsi Mohan.
- Analysts expect Apple to report earnings of $7.34 for the fiscal year ending in September, despite the uncertainty caused by the tariffs.
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Total News Sources14
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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