iPhone 16 model on display at Apple store in New York, USA - Photo: CNN
Apple affected, iPhone price may increase?
According to CNN, about 90 minutes after the market opened on the morning of April 3 in the US, Apple shares fell 9%, Microsoft fell 3%, Meta fell 8%, Amazon fell 9%, Google fell 4% and Tesla fell 7%.
The decline wiped out $293 billion from Apple's market capitalization since its closing price on April 2. It was also the company's biggest one-day drop since early 2019, when its shares plunged 10% after warning that iPhone sales in China would fall short of expectations at the time, according to the New York Times.
“There is no doubt that if tariffs go into effect, they will negatively impact Apple’s fundamentals, putting pressure on margins and earnings expectations,” CFRA Research analyst Angelo Zino told CNN.
Apple could deal with tariffs by optimizing its supply chain, absorbing some of the costs and raising prices for customers, Zino added. But the company “would have difficulty passing on more than 5-10% of the cost to consumers, and any large increase could have a negative impact on revenue.”
Apple's revenue comes primarily from the sale of iPhones, iPads and MacBooks. The company manufactures nearly all of its devices overseas, primarily in China, India and Vietnam.
Investment bank TD Cowen estimates that each 10% tariff on imported products would cut Apple’s profits by more than 3.5%, raising the value of a $1,000 iPhone by about $1,300.
Apple was previously exempted from Trump’s 2018 tariffs, but there was no indication after Trump’s April 2 press conference that Apple would be given priority.
Market plunge
The basic tariff of 10% and the reciprocal tariff announced by Mr. Trump on April 2 caused the US stock market to fluctuate in the morning trading session on April 3 (US time).
The Dow Jones Industrial Average fell more than 1,500 points, or 3.8%. The Nasdaq Composite dropped 1,000 points, or 5.7%. The S&P 500 Index fell 4.4%. That equates to a loss of about $1.9 trillion in morning trading, according to FactSet data.
“Market volatility is likely to remain high in the coming weeks as investors consider the potential for revisions to U.S. economic growth and earnings forecasts, the risk of tariff escalation and the possibility that already announced tariffs will be renegotiated,” said Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management.
Many of Mr Trump’s wealthiest allies are also suffering heavy losses. Blackstone CEO Stephen Schwarzman has lost more than $3 billion as his company’s stock price has tumbled, while Elon Musk’s Tesla shares have lost more than $6 billion.
Source: https://tuoitre.vn/my-ap-thue-von-hoa-apple-boc-hoi-300-ti-co-phieu-cong-nghe-chao-dao-20250403234029916.htm
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