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Apple Stock Falls After iPhone Maker Warns of Heavy Tariff Cost
That is how much tariffs will add to Apple's costs this quarter, assuming existing policies remain in place, said Chief Executive Tim Cook. He forecast the hit could worsen further ahead. Shares in the iPhone maker fell nearly 3% in premarket trading.
Apple stock sells off as Tim Cook projects $900 million tariff bite
Apple stock has lost part of its recent rally in which it advanced for eight straight sessions. Currently trading near $205 on Friday, the next support comes at $196, a point of resistance during 2024. The next layer of support comes at $180, which is just above the 61.8% Fibonacci level near $178.
Phone sales beat Wall Street’s expectations but Apple’s vagueness around tariff impacts didn’t sit well with investors.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
It is a tumultuous time for Apple investors, but some good news came from Apple's earnings on Thursday as stock buybacks ...
Apple shares slid Friday amid worries about tariffs after CEO Tim Cook warned they could cost the company $900 million this ...
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies ...
Apple Inc. has been caught in the crossfire of a trade war, and heading into earnings, its stock now trades just above a key ...
Apple (NASDAQ: AAPL), the world's largest company, fell alongside most other stocks during this month's market downturn.
Apple is slated to report fiscal second-quarter results after the market closes Thursday, with investors likely to be ...
Apple reported fiscal second-quarter earnings after Thursday's closing bell. Investors got a bit of clarity on the tariff ...
Apple shares fell 5% on Friday after the company trimmed its stock buyback program and CEO Tim Cook flagged a $900 million ...
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