Apple's 3-day loss in market cap swells to almost $640 billion

Core Viewpoint - Apple is facing significant challenges due to President Trump's tariffs, leading to a substantial decline in its stock price and market capitalization [1][2]. Group 1: Stock Performance - Apple experienced a three-day stock decline of 19%, resulting in a loss of $638 billion in market capitalization [2]. - On a recent trading day, Apple lost 3.7%, contributing to its ongoing struggles compared to other tech giants [1][3]. Group 2: Tariff Impact - Analysts indicate that Apple is highly exposed to the trade war, primarily due to its reliance on China, which is subject to 54% tariffs [2]. - Although Apple has production facilities in India, Vietnam, and Thailand, these countries are also facing increased tariffs under the new trade policies [2]. Group 3: Price Adjustments and Earnings - Analysts predict that Apple may need to raise prices or absorb additional tariff costs, with estimates suggesting that the highest-end iPhone could see a price increase of about $350, or around 30% [4]. - Barclays analyst Tim Long anticipates a potential 15% cut to Apple's earnings per share if price adjustments are not made [5]. - There is a possibility for Apple to rearrange its supply chain to source imports from countries with lower tariffs [5].