“Both of these companies are highly dependent on China for their growth,” Arora writes. “Romney has repeatedly stated that he will declare China a currency manipulator on his first day in office. Such a declaration would likely lead to a trade war.”
Arora writes, “Chinese consumers are nationalistic… Apple will find itself in a much worse position than General Motors. Apple will be hit with a double whammy, falling sales and falling margins… In my analysis, a trade war would result in Apple stock falling under $400.”
Read more in the full article here.
How Romney and/or Obama should have answered Candy Crowley’s Apple assembly question – October 17, 2012
U.S presidential candidate Romney vows to get tough with China, tackle unfair Chinese trade practices – August 28, 2012
Mitt Romney: Does President Obama think Steve Jobs didn’t build Apple? – July 18, 2012
Photos of Mitt Romney with his Apple iPhone and iPad at his Lake Winnipesaukee home – July 15, 2012