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Apple lost more than $ 300 billion in market value on Thursday, making it one of the largest victims of Donald Trump’s Wall Street fee, despite the efforts of my chief executive to judge the administration.
The shares in the iPhone manufacturer were reduced more than 9 percent while trade was closed in New York on Thursday. This reduced its market capitalization to 3.06tn $ from 3.37Tn $ in its largest one-day deletion of the record.
Trump hit all Apple’s largest suppliers and production centers in Asia, including China, Taiwan, India and Vietnam, with large new tariffs for imported goods in the US.
Aggressive movement will affect almost every model of iPhone, iPad, Mac and the accessory that the technology giant sells.
The US president’s promise to “liberate” the economy presents cookies with an unmistakable choice between prices for its high electronics or swallowing additional costs, which can delete tens of billions of dollars from the profits that Apple has long been valued.
Apple in February pledged to hire 20,000 staff and invest $ 500 billion in the US over the next four years, including a new servers of artificial intelligence in Texas.
However, Cook, who endangered the anger of Apple’s staff by participating in Trump’s inauguration and visiting the President at the White House, has not taken so far from any exemption from new tariffs.
The White House confirmed that there was no piece for Apple in the president’s executive order.
On Wednesday night, the company refused to comment on whether there was any prospect for it to secure a tax exemption after managing Trump’s first term.
Apple did not immediately respond to a further comment request on Thursday.
Analysts in CITI estimate that the iPhone manufacturer has more than 90 percent of its production in China, which is decided to face combined tariffs of at least 54 percent of imports in the US
Vietnam and India, which produce an increasing number of apple products, including iPhone, airpods and hours, face 46 percent and 26 percent, respectively.
However, semiconductors are excluded from new tariffs, which can protect Apple, which is a client of the Taiwan giant’s semiconductor manufacturers, from a 32 percent “reciprocal” task in the island site.
The new TSMC factory in Arizona is believed to be a large number of hundreds of billions of dollars that Apple and Nvidia have pledged to spend on US production in the coming years.
However, the expansion of that factory will probably become more expensive, given the new 20 percent EU import fee, including by the critical manufacturer of ASML -based chip -based chip equipment.
Analysts at TD Cowen estimate that US sales make up nearly one -third of Apple’s total income, of which about three -quarters come from hardware products. Only the iPhone is nearly two -thirds of the American hardware income, they said.
“Based on the range of hardware products that Apple sells. And the countries that produce them, we estimate that every 10 percent of the tariffs would affect net income by 3.5-4 percent” over the next two years, TD Cowen wrote in a note to clients.
CITI analysts estimate a 9 percent stroke in Apple’s total gross margin if it cannot avoid China tariffs as they are currently predicted.
Jefferies Analysts say about 37MN iPhone will be imported to the US from China this year, reducing Apple’s net profit by 14 percent unless it raises prices to compensate tariffs.
Tariffs would send shocking waves through Apple’s supply chain, Jefferies said in a Note Thursday: “Even if Apple is exempt from current tariffs, it will have to speed up its supply chain diversification efforts, and thus pay its suppliers better.”
Research capitalist CFRA Angelo Zino wrote that Apple faced “unprecedented challenges” by tariffs, adding that the company would have problems passing costs to consumers without a detrimental impact on income, given the broader economic view.
The impact of seismic tariffs comes as Apple already faces challenges in its essential business, with competitive pressure from local smartphone manufacturers in the essential market of China by eroding its income there.
The global sales of the iPhone decreased slightly in the December quarter, with Apple’s China’s overall revenue dropping 11 percent annually.
The participation of his new features “Apple Intelligence” he, for which he is betting on the next wave of iPhone sales and updates, has hit the regulatory obstacles in China and has been delayed in the US
