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Apple Shoppers Are Reportedly Panic Buying iPhones Amid Looming Tariffs
CNET· 2025-04-08 16:26
The fear of soaring iPhone prices ahead of President Donald Trump's new tariffs is driving some customers to make purchases.Bloomberg reports that Apple store employees saw an uptick in foot traffic over the weekend amid growing concerns that iPhone prices could rise steeply after new tariffs are imposed. iPhones, which account for the majority of Apple's revenue, are manufactured in China, a country now facing tariffs of up to 54%.One employee told Bloomberg the surge felt a bit like the holiday shopping s ...
Apple's $500B Power Move
Seeking Alpha· 2025-04-08 16:22
Since I last covered Apple (NASDAQ: AAPL ) ( AAPL:CA ), the stock has been down, underperforming the broader market with a return of -21%, trailing the S&P 500’s -16%. The previous article was focused on margin expansion and services-led earnings growth in Q1-FY25, with Apple deriving solidYiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education ...
Apple stores reportedly hit by iPhone panic buying ahead of expected price hike
Proactiveinvestors NA· 2025-04-08 15:04
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Apple as the symbol of Polish presidency in the EU – a campaign organized by the Association of Polish Fruit Farmers during the 47th LEIPZIG MARATHON 2025
GlobeNewswire News Room· 2025-04-08 14:51
CHORZÓW, Poland, April 08, 2025 (GLOBE NEWSWIRE) -- Since January 2025, Poland has been presiding over the Council of the European Union and the apple has become the official symbol of the Polish Presidency. It is a natural choice – Poland is the largest producer of apples in Europe and the fourth largest in the world. Every third apple eaten in Europe comes from Polish orchards! Polish apples are a symbol of quality, health and tradition, but also of modernity and innovation in Polish agriculture, which is ...
Apple customers dash to stores to buy iPhones ahead of tariffs
Techxplore· 2025-04-08 12:46
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Unsplash/CC0 Public Domain The Trump administration's threat of massive new tariffs has sent Apple Inc.'s share price plummeting, but it has also brought a short-term benefit: customers rushing to retail stores to buy iPhones. Employees from different Apple locations across the country said stores filled with customers ...
Apple might import more iPhones from India to side-step China tariffs
TechCrunch· 2025-04-08 09:09
In Brief Apple is considering importing more iPhones from India to side-step the 54% additional tariffs on goods imported from China that U.S. President Donald Trump announced last week, the Wall Street Journal reported, citing anonymous sources. The company sees this as a short-term measure while it seeks to negotiate with the Trump administration to get an exemption from the tariffs, as it doesn’t yet want to revamp its supply chain built around China, the report said. Compared to the new 54% tariffs on ...
Should You Buy Apple Stock During the Tariff-Induced Stock Market Sell-Off?
The Motley Fool· 2025-04-08 09:00
Parkev Tatevosian, CFA has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
Tariffs or Not, I'm Avoiding These 2 Tumbling Stocks
The Motley Fool· 2025-04-08 08:55
Group 1: Apple Inc. - The Trump administration's global tariffs are negatively impacting Apple, which relies heavily on Chinese manufacturers for its devices [1][2] - Tariffs may force Apple to increase prices, potentially reducing demand for its products, particularly iPhones [3] - Apple is struggling to find new revenue streams post-iPhone, with iPhone sales flatlining and revenue down in the last quarter of 2024 [4] - The company is facing challenges in integrating useful AI features, delaying improvements to its Siri assistant, which could hinder iPhone sales [5] - A significant $20 billion annual payment from Google to Apple for making its search engine the default on Apple devices may be at risk due to an antitrust lawsuit against Google, threatening Apple's services revenue [6] Group 2: Wayfair Inc. - Wayfair's business model relies on selling inexpensive foreign-made furniture and household items, primarily from Chinese suppliers, which are affected by tariffs [7] - The stock has already seen a significant decline prior to the tariff announcement, and the company has been struggling with decreasing sales [8] - Wayfair's sales dropped 10.9% in 2022, 1.8% in 2023, and 1.3% in 2024, although there was slight growth in Q4 2024 [9] - The company reported a net loss of $128 million on $3.1 billion in revenue in Q4 2024, indicating ongoing financial challenges [9] - Tariffs could hinder any progress made by Wayfair, as higher prices may reduce demand, and the number of active customers has already dropped by 4.5% [10] - Wayfair has sufficient cash reserves to endure short-term challenges, but prolonged tariffs could lead to a dire situation [10][11]
ChatGPT says these 2 stocks will lead market recovery
Finbold· 2025-04-08 08:44
Market Overview - The stock market experienced significant volatility, with the Dow Jones Industrial Average dropping 349 points (0.91%) to close at 37,965.60 after a session low of over 1,700 points [2] - The S&P 500 fell 0.23% to 5,062.25, briefly entering bear market territory, while the Nasdaq Composite gained 0.10% to finish at 15,603.26, supported by large technology stocks [2] Company Analysis: Apple (NASDAQ: AAPL) - Apple is identified as a resilient company with strong growth potential, characterized by its cash-rich status and global diversification [3] - The company's vast cash reserves provide a buffer against economic uncertainty, and its ecosystem of products and services positions it well in both challenging and thriving market conditions [4] - Despite a recent decline of 3.6% to $181.46 and a 17.5% drop over the past week, Apple is expected to lead the market recovery when conditions improve [5] Company Analysis: JPMorgan (NYSE: JPM) - JPMorgan is recognized as a leading U.S. bank, well-positioned to benefit from a market recovery due to its operational efficiency [7] - The bank's stock rose nearly 2% to $214.44 at the close of April 7, although it has seen a decline of over 10% in the past week [7] - Financial institutions like JPMorgan typically experience expanded profit margins as interest rates rise, and a rebounding economy is likely to increase loan activity, further benefiting the bank [8] - Unlike Apple, JPMorgan is not directly affected by tariff disputes, but a general optimism around global trade could enhance investor sentiment towards financial stocks [9]
Report: Apple's Tariff Strategies Include Importing More iPhones From India
PYMNTS.com· 2025-04-07 23:06
Core Viewpoint - Apple is adjusting its supply chain strategy in response to U.S. tariffs on Chinese goods by increasing iPhone production in India to meet U.S. demand, as tariffs on Indian goods are significantly lower than those on Chinese goods [1][2]. Group 1: Tariff Impact and Strategy - Apple plans to send more iPhones made in India to the U.S. market due to a 54% tariff on Chinese goods compared to a 26% tariff on Indian goods [1]. - Approximately 50% of American demand for iPhones could potentially be satisfied with devices manufactured in India [2]. - The company is seeking exemptions from the tariffs, similar to its previous efforts during the Trump administration [2]. Group 2: Inventory and Pricing Strategy - Apple has increased its inventory ahead of the tariffs, which is expected to delay the impact until the next quarter [3]. - To prevent a rise in iPhone prices, Apple may reduce its margins and exert pressure on suppliers, maintaining the starting price of its flagship device at $999 since 2017 [3]. Group 3: Market Reaction - Consumer concerns over potential price increases due to tariffs led to increased foot traffic in Apple stores, resembling holiday shopping patterns [4]. - Following the announcement of new tariffs, Apple experienced a significant stock price decline, resulting in a $300 billion reduction in market capitalization [4][5].