“Wedbush analyst Daniel Ives wrote Friday that Apple Inc.’s selloff due to escalating trade tensions with China looks overdone,” Emily Bary reports for MarketWatch.
We continue to strongly believe that for a company that employs over 1 million Chinese workers with its flagship Foxconn factory and is a major strategic player within the China technology ecosystem…from a supply chain perspective Apple will not have major roadblocks ahead despite the loud noise. Taking a step back, we ultimately believe there is a low likelihood that Apple and its iPhones feel the brunt of the tariffs given its strategic importance domestically as well as [Chief Executive Tim] Cook’s ability to navigate these issues in the past with Trump and K Street. — Wedbush analyst Daniel Ives
Full article here.
MacDailyNews Take: Investors overreacting to Apple “concerns?” Say it isn’t so!
Buy low. Reap dividends. Sell high.
Gene Munster: China tariffs on Apple products unlikely – May 23, 2019
ARM cuts ties with Huawei after President Trump’s ban – May 22, 2019
U.S. to offer temporary exemptions to Huawei export ban – May 20, 2019
Apple Face ID parts supplier Lumentum halts shipments to Huawei following Trump administration ban – May 20, 2019
President Trump’s Huawei ban could end Android as we know it and possibly have a lasting effect on Apple – May 20, 2019
Huawei’s mockery of Apple over 5G chip sourcing didn’t age well – May 20, 2019
Google terminates Huawei’s Android license after Trump administration blacklist – May 20, 2019
Trump administration blacklists Huawei putting Apple at risk of retaliation from China – May 16, 2019