Apple (AAPL): Has Best Day Since 1998 as Experts Warn of Trouble Looming
The US stock market has suffered from increased volatility this year. Amid geopolitical concerns and brewing trade wars, Wall Street has been forced to embrace uncertainty. This has driven a concerning reality for Apple (AAPL), as its best day since 1998 was met with experts warning of a looming disaster for the stock.
The iPhone developer was always poised to be one of the hardest companies hit by US President Donald Trump’s Liberation Day tariff plans. Indeed, the company reportedly filled cargo planes with products to prepare for the increase in import duties. That could be tied to a rather worrisome outlook for the stock’s 2025.
Also Read: Apple, GOOGL, NVDA: Which Magnificent 7 Stock Fell The Most This Week?
Apple Stock Enjoys Best Day in 27 Years: So Why Are Experts Still Worried?
Magnificent Seven stocks were some of the hardest hit by the ongoing tariff turmoil brought forth by the United States. Apple was no exception. Although it bounced back in a big way Wednesday, it once again declined just 24 hours later. The stock dropped nearly 4% on Thursday, alongside a plummeting Dow Jones Industrial Index that dropped by over 1,600 points.
The concerning reality has placed one of the biggest tech companies in the world in a compromising position. Indeed, Apple (AAPL) enjoyed its best stock day since 1998, while experts are still warning of trouble on the horizon for the company.
Also Read: Apple (AAPL) Gets $275 Target From Citi: Here Are Two Reasons Why
Shares of the company jumped by 15% on Wednesday, but that may just be the exception and not the rule. Although a tariff pause was enacted by Trump, China was also the long exception. Alternatively, it saw tariffs increase with a trade war on the brink. Now, Wedbush analysts noted that it will greatly impact Apple consumers.
According to the expert, the price of an iPhone could reach heights of $2,250. Moreover, the move affects 90% of its products that are produced and assembled in China. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive exposure to China,” Webush said this week. Ultimately, it could lead to a plummeting stock price if tensions continue to boil over.
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Apple (AAPL): Has Best Day Since 1998 as Experts Warn of Trouble Looming
The US stock market has suffered from increased volatility this year. Amid geopolitical concerns and brewing trade wars, Wall Street has been forced to embrace uncertainty. This has driven a concerning reality for Apple (AAPL), as its best day since 1998 was met with experts warning of a looming disaster for the stock.
The iPhone developer was always poised to be one of the hardest companies hit by US President Donald Trump’s Liberation Day tariff plans. Indeed, the company reportedly filled cargo planes with products to prepare for the increase in import duties. That could be tied to a rather worrisome outlook for the stock’s 2025.
Also Read: Apple, GOOGL, NVDA: Which Magnificent 7 Stock Fell The Most This Week?
Apple Stock Enjoys Best Day in 27 Years: So Why Are Experts Still Worried?
Magnificent Seven stocks were some of the hardest hit by the ongoing tariff turmoil brought forth by the United States. Apple was no exception. Although it bounced back in a big way Wednesday, it once again declined just 24 hours later. The stock dropped nearly 4% on Thursday, alongside a plummeting Dow Jones Industrial Index that dropped by over 1,600 points.
The concerning reality has placed one of the biggest tech companies in the world in a compromising position. Indeed, Apple (AAPL) enjoyed its best stock day since 1998, while experts are still warning of trouble on the horizon for the company.
Also Read: Apple (AAPL) Gets $275 Target From Citi: Here Are Two Reasons Why
Shares of the company jumped by 15% on Wednesday, but that may just be the exception and not the rule. Although a tariff pause was enacted by Trump, China was also the long exception. Alternatively, it saw tariffs increase with a trade war on the brink. Now, Wedbush analysts noted that it will greatly impact Apple consumers.
According to the expert, the price of an iPhone could reach heights of $2,250. Moreover, the move affects 90% of its products that are produced and assembled in China. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive exposure to China,” Webush said this week. Ultimately, it could lead to a plummeting stock price if tensions continue to boil over.
Read More