"Assuming smartphones, tablets, smart watches, and computer systems are not categorically excluded from the final $300B tranche, we expect there will be material impact to Apple hardware product earnings," wrote analysts from Cowen, in a note to clients.
Apple has more exposure to China than its Big Tech counterparts because it's so reliant on the country's manufacturing plants for its top products, most notably the iPhone. Facebook, Google and Amazon have almost no presence in China. The other companies didn't drop as much but still fell more than the S&P 500, a reflection of technology's role in the economy — the industry typically outperforms in boom times and is disproportionately hurt during a slowdown.
Yea that’s not really surprising that Apple would be hit hardest (and really they deserve it). The whole company depends on China and it being cheep. They have the ability to make their products in America but they choose not to.
Thanks Kernen and Don the Con
That makes the tariffs look like a pittance
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: YahooNews - 🏆 380. / 59 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »