Although the stock market was better on Monday than in the two days of previous negotiation, Apple was hit once again, losing 3.7%, since the concerns increased that the company will receive a great success of the tariffs of President Donald Trump.
The mass sale carries the three days of Apple to 19%, a descending current that has eliminated $ 638 billion in market capitalization.
Apple is one of the companies most exposed to a commercial war, according to the analyst, largely due to its dependence on China, facing 54%tariffs. Although Apple has production in India, Vietnam and Thailand, these countries also face greater tariffs as part of the Trump sweeping plan.
Among Tech Megacap companies, Apple is having the toughest section. On Monday, the only actions in that group of seven were Apple, Microsoft and Tesla.
The Nasdaq ended almost just Monday after falling into a 10% shock last week, its worst performance in more than five years.
Analysts say Apple probably need to increase prices or eat additional tariff costs when new duties enter into force. UBS analysts estimated on Monday that Apple’s highest -end iPhone could increase in the price by around $ 350, or around 30%, since its current price of $ 1,199.
The Barclays analyst, Tim Long, wrote that he hopes Apple increases prices, or the company could suffer up to a 15% cut in earnings per share. Apple can also reorganize its supply chain so that imports to the United States come from other countries with lower tariffs.
Apple declined to comment on the rates.
