“A Romney win would hurt Apple and General Motors very badly,” Nigam Arora writes for Forbes.
“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