Core Viewpoint - The article discusses the recent sell-off of Apple stocks by CalPERS, the largest public pension fund in the U.S., and the potential implications of trade tensions and tariffs on Apple's business outlook [1][3][4]. Group 1: Institutional Investor Actions - CalPERS sold 5.1 million shares of Apple, reducing its holdings to 34.7 million shares, which may indicate declining confidence among large institutional investors [3]. - In contrast, CalPERS increased its stakes in Meta, AMD, and McDonald's by 579,000 shares, 325,000 shares, and 494,000 shares respectively [3]. Group 2: Stock Performance - Apple's stock has seen a continuous decline, with a total drop of over 22% since the beginning of the year, and a market capitalization now at approximately $2.9165 trillion, equivalent to about 20.96 trillion RMB [1][3]. - The stock price fell by more than 11% in Q1 and an additional 12% in Q2 [3]. Group 3: Trade and Tariff Implications - Apple anticipates a loss of approximately $900 million in Q3 due to U.S. tariff policies [4]. - President Trump has threatened a 25% tariff on iPhones manufactured abroad and sold in the U.S., which has led to a significant drop in Apple's stock price [4][7]. - The EU is also considering retaliatory measures against U.S. tech companies, including Apple, due to ongoing trade conflicts [4]. Group 4: Legal and Regulatory Responses - California's Attorney General Rob Bonta is prepared to sue the federal government to protect California-based companies like Apple from Trump's tariff threats [6]. - Bonta has previously led legal challenges against various White House policies, indicating a proactive stance against federal actions that may harm local businesses [6]. Group 5: Market Sentiment and Analyst Opinions - Analyst Dan Ives expressed skepticism about the feasibility of Apple manufacturing iPhones in the U.S., predicting significant costs and time requirements for any potential supply chain shifts [7]. - The potential price of an iPhone manufactured in the U.S. could reach $3,500, which may not be acceptable to the average consumer [7].
突然,大抛售!三大利空,突袭!