Apple is no longer the most valuable company in the world after Trump tariffs The economy
Apple has lost the crown of the most valuable company in the world. Tuesday, the title of the New York Stock Exchange belongs to Microsoft.
Apple shares fell 5% a day and lost 23% from the announcement of the mutual charges last week. It keeps Apple’s market capitalization at 9 2.59 trillion. Microsoft, which fell only 7% during the same period, closed on Tuesday with US $ 2.64 trillion.
In the last five years, the two companies have disputed the first place sometimes. Apple’s market value from mid -2024 has begun to decrease the price of software giant stocks due to concerns about his explosive costs with artificial intelligence.
However, Trump’s plan has painful implications for Apple, which produces almost every product that is sold outside the US and is therefore a significant increase in the cost of the business that is responsible for the majority of its income.
On Tuesday, US Executive Representative Carolyn Levit and the US president said the US president could produce their iPones in the US.
Another thud for the company’s shares has come from cutting down the target price. At Morgan Stanley, the target price has reached 2 252 to $ 220, with overweight weight and a keybank recommendation with a recommendation of $ 200 to $ 170.
Morgan analyst Erik Woodring said, “Tariffs about China, where Apple makes most of their iPhones, is at risk of unlocking a very pessimistic bet for actions.
However, Apple has “various relief efforts at the game”, including the increase in the price of high iPhones in India and US device prices.
UBS Investment Bank said on Monday that Apple retail prices would be increased by 29%to regain the cost of tariffs on iPhones in China. For iPhone made in India, retail costs should be increased by 12%.
Keyban Brandon Nispell analyst indicates that his company’s tracking data does not meet the apple iPhone and iPad sales in the March quarter. These losses are partially compensated for sales of Mac computers.
* Cam Dow Jones Newswires
