President Trump’s U.S. import tariffs, making a rollercoaster of Apple’s stock chart, ended up igniting a sales boom as shoppers hustled to grab iPhones, iPads, and Macks. Concerned that the far-reaching tariffs (now on a 90-day pause) could jack up prices, consumers hurried to purchase new iPhones and MacBooks.
WSJ:
The tech giant’s in-store and online sales were up 33% on Saturday, compared to the average of the previous four Saturdays, according to Earnest Analytics, which tracks credit card data.
MacDailyNews Note: These sales will go into Apple Q3 report as they occurred after fiscal Q2 ended at the end of March.
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Best discussion on Tariff’s I’ve heard.
https://podcasts.apple.com/us/podcast/honestly-with-bari-weiss/id1570872415?i=1000702985343
The Apple Store on University Ave. in Palo Alto was busy last Saturday 😆