Shares of Apple fell 5.23 percent on Monday, its worst day since May 13.
. The new tariffs will apply to, among other things, electronics used in products such as Apple's iPhone, iPad and Mac computers.
TF International Securities analyst Ming-Chi Kuo, regarded as one of the top Apple analysts, said Monday morning that theThe negative impact on Apple are limited and temporary because the profit from service business is growing, and non-Chinese production locations will gradually increase, " Kuo said. "We believe that Apple's non-Chinese production locations could meet most of the demand from the U.S. market after two years.
Apple's iPhone revenues have slowed in recent years as consumers hold on to devices longer and, despite an increase in services revenue, iPhone sales still accounted for $25.99 billion of the company's total $53.8 billion revenue in fiscal Q3.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan's FTC investigating Apple over pressure on parts makers: MainichiJapan's Fair Trade Commission is investigating Apple Inc over its pressure ...
Read more »
Apple Will Provide Special iPhones For Hackers To Test And Offer Mac Bug Bounty, Sources SayApple is planning some big security announcements in Las Vegas this week, Forbes has learned. They include a macOS bug bounty and so-called 'dev devices' for iPhone researchers.
Read more »
Big Tech lost $162 billion in value in Monday's market route, led by plunge in AppleIn the stock market's worst day of 2019, the biggest tech companies got hammered, losing more than $160 billion in combined market cap.
Read more »
Apple CEO Tim Cook calls US inaction on gun control 'insanity' after mass shootingsTim Cook slammed U.S. legislators’ inaction around gun control as “insanity” and called for bipartisan efforts on the issue in a rare tweet yesterday.
Read more »
Cinema Chain iPic Files For Chapter 11 Bankruptcy: Enter Netflix, Apple Or Amazon?Luxury cinema chain iPic Theatres filed for Chapter 11 bankruptcy this morning and announced it is pursuing a financial reorganization or a possible sale of the circuit. Could Netflix, Amazon or Apple be suitors?
Read more »