JP Morgan analysts believe that the Cupertino tech giant’s managed to shave between $30 and $50 off the iPhone bill of materials to help offset the impact of December’s tariffs.
In the latest fallout in the trade war between the US and China, Trump tells American companies to move production out of China or else… which sent Apple stock down by over four percent.
Trump says Apple’s boss “made a very compelling argument” about losing edge to Samsung with the upcoming ten percent tariffs on $300 billion worth of goods imported from China.
The company said that Trump’s additional tariffs could have a wide range of negative impact on its earnings while tilting the playing field in favor of its global competitors.
Apple’s supplier Sharp is reportedly gearing up to move part of its production out of China in response to President Trump’s latest escalation of the growing US trade war with China.
Apple won’t be exempt from any new tariffs, US President Donald Trumpt tweeted today.
Apple says that Trump’s latest round of tariffs, if implemented, could negatively impact the company’s contributions to the U.S. economy and would impact product costs.
President Trump has said tariffs could be placed on iPhones and Mac notebooks and other computers imported from China, sending Apple shares down more than two percent in pre-market trading.
The Trump Administration has decided to exclude a category of high-tech products from its latest round of tariffs on Chinese made products, which includes Apple Watch.
Unless China and the United States resolve their trade war, the prices for key Apple products could be rising. These include the Apple Watch and others.
The iPhone could soon be at the center of the trade dispute between China and the United States. Unfortunately, Apple is vulnerable on both sides.
If the trade war between the U.S. and China continues, Apple might be forced to levy a 10 percent tariff on Apple Watches. Nothing is finalized, however.
