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 20billionannualpaymentfromGoogletoAppleformakingitssearchenginethedefaultonAppledevicesmaybeatriskduetoanantitrustlawsuitagainstGoogle,threateningApple′sservicesrevenue[6]Group2:WayfairInc.−Wayfair′sbusinessmodelreliesonsellinginexpensiveforeign−madefurnitureandhouseholditems,primarilyfromChinesesuppliers,whichareaffectedbytariffs[7]−Thestockhasalreadyseenasignificantdeclinepriortothetariffannouncement,andthecompanyhasbeenstrugglingwithdecreasingsales[8]−Wayfair′ssalesdropped10.9128 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]