Apple loses $250B market value as tariffs tank tech stocks

Group 1 - Apple lost over $250 billion in market value, with shares down as much as 8.5% due to President Trump's tariffs [1] - The tech sector faced significant declines, with Tesla, Nvidia, and Meta down 6%, and Amazon shares falling by 7.2% [1] - Trump's tariffs, starting at 10% and reaching as high as 54% for China, are viewed as detrimental to tech investors, described as "worse than a worst case scenario" by Wedbush Securities [2] Group 2 - The tariffs will impact all of Apple's major suppliers and manufacturing locations in Asia, affecting every model of iPhone, iPad, Mac, and accessories [3] - CEO Tim Cook faces a decision to either increase consumer prices or absorb the losses, potentially wiping out tens of billions in profits [3]