Apple lost over $300 billion due to US tariffs.

Apple's stock fell more than 9%, its worst drop since March 2020, wiping out over $310 billion from the company's market capitalization. Analysts believe the biggest risk to Apple comes from its overseas manufacturing hubs, particularly in countries heavily impacted by tariffs.

Apple has been working to expand its supply chain beyond China, with manufacturing facilities in India and Vietnam. However, with new tariffs set to be applied to these countries, the situation is becoming even more challenging.

The new additional tariffs include 34% on goods imported from China, 20% on goods imported from the European Union, 46% on goods imported from Vietnam, 32% on Taiwan, and 26% on India, all effective from April 9th.

Specifically, the additional 34% tariff on China will be added to the existing 20% tariff, bringing the total tariff to 54%. China is Apple's primary manufacturing location, with approximately 85% of iPhones produced there.

Apple lost over $300 billion USD due to US tariffs (Figure 1). — Illustration photo: Unsplash

Analyst Dan Ives from Wedbush commented: "Apple manufactures almost all iPhones in China, and the question now is whether there could be exceptions to this tariff policy if companies like Apple invest in factories in the US, as they announced in February."

Ives emphasized that the biggest concern right now is the impact on costs and profit margins, along with the long-term effects on global supply chains. Nevertheless, he remains confident that crucial negotiations will take place in the coming months as companies seek to cope with the "new world of tariffs."

But he still cautioned: "Technology stocks will be under immense pressure until the situation stabilizes."

Stocks in the Magnificent 7 group also faced a sharp sell-off, wiping out a total of more than $1 trillion in market capitalization, according to Bloomberg data. Amazon and Meta fell 9%, the same as Apple, while Nvidia shares dropped 8%, Tesla fell 5%. Alphabet declined 4%, and Microsoft dropped more than 2%.

Beyond the Magnificent 7 group, semiconductor companies' stocks were also affected, although the chip industry wasn't directly impacted by the additional tariffs. For example, Broadcom, a rival of Nvidia, lost more than $70 billion in market capitalization after its stock fell 11%.

Ngoc Anh (according to Bloomberg, Yahoo Finance)

Source: https://www.congluan.vn/apple-mat-hon-300-ty-usd-do-thue-quan-my-post341557.html