Apple(US:AAPL) Mei Ri Jing Ji Xin Wen·2025-04-06 05:43Core Viewpoint - The announcement of "reciprocal tariffs" by President Trump has led to a significant decline in Apple's stock price, resulting in a market value loss of approximately $533.36 billion (around 3.88 trillion RMB) over two trading days, making it one of the hardest-hit companies in this downturn [1]. Group 1: Impact of Tariffs on Apple - Apple assembles 90% of its phones in China, which poses a challenging decision for the company: absorb the tariff costs or pass them on to consumers [3]. - Morgan Stanley estimates that the tariffs could increase Apple's annual costs by about $8.5 billion. If Apple fully transfers these costs to consumers, the retail price of the iPhone 16 Pro Max in the U.S. could rise from $1,599 to $2,300 (approximately 16,750 RMB) [3]. Group 2: Supply Chain Diversification Efforts - During Trump's first term, Apple began diversifying its supply chain by relocating some production to India and Vietnam, and expanding production lines in Malaysia and Thailand. However, the new tariffs on Southeast Asian countries could severely impact Apple's supply chain [5]. - In February, Apple committed to investing over $500 billion in the U.S. over the next four years, including establishing new AI server factories in Texas and a new chip manufacturing facility in Arizona, in an effort to persuade the Trump administration to exclude its products from the tariff list [5]. Group 3: Challenges in U.S. Manufacturing - A senior stock analyst noted that building a new factory in the U.S. takes four to five years, and the country currently lacks the necessary infrastructure and labor force to support technology manufacturing [7].