Apple stock dropped nearly 4% on Wednesday, pushing the iPhone maker’s market capitalization below $3 trillion. Tariff concerns continue to pressure the company, erasing gains from what analysts described as a “relief rally” earlier in the week.
Laura Bratton for Yahoo Finance:
Apple stock surged to start the week, leading the “Magnificent Seven” stocks higher as investors cheered the Trump administration’s temporary tariff exemptions for tech products announced over the weekend.
The “relief rally,” as Citi’s Atif Malik put it, briefly put Apple’s value back above the $3 trillion mark after falling to its lowest value in almost a year last week at just under $2.6 trillion.
Apple is still the world’s most valuable company, ahead of Microsoft.
Apple’s decline on Wednesday comes after Nvidia disclosed late Tuesday that the Trump administration had effectively banned exports of its H20 chips to China… “The concern about Apple is that it will become harder to avoid the crossfire between the US and China as tariffs and restrictions come into play,” DA Davidson analyst Gil Luria told Yahoo Finance in an email.
MacDailyNews Take: As we wrote yesterday when Apple poked its head above the $3 trillion valuation mark, “The rollercoaster is just on a flat straightaway right now. The ride is not over. More fun to come!”
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What do you call Fun MDN?
You can’t have a funeral without “fun,” eh?
Percentage-wise, Apple’s drop under Trump is nearly a mirror image of Apple’s gain under Biden for the comparable time period.
APPL closing price six months ago (before the election) Oct. 16, 2024: $231.27
APPL closing price today, Apr. 16, 2025: $197.27
A $34.00 per share loss (14.7% loss) (to date).
APPL adj close Oct. 16, 2020 (before the election): $116.06
APPL adj close Apr. 16, 2021: $131.24
A $15.18 per share gain (13.08% gain)
[Oops! Here are the corrected dates.]
your fascist in chief drove the economy into the fucking toilet.
it would be good down the roads for the USA, we were once the power house of manufacturings, but now depends on China from left to right. If Trump does not intervene now, soon or later Americans all speaking Chinese and eating soy-sauce instead of hamburgers and french fries. It should be done with previous presidents but thewhy kowtowed to the globalists outsourcing 90,000 factories to China which left USA vulnerable.
Sure, the economy might need a new transmission and tires, but it seems like Trump is starting the process by lighting a stick of dynamite and dropping it in the gas tank. In the end, we’ll still get a new car, but dang…