Apple (AAPL), which counts China as its largest manufacturing hub and the U.S. as its largest market, has found itself in the center of a geopolitical fight than threatens tariffs and regulatory probes, Mark Gurman of Bloomberg reports. The Trump administration’s new 10% levy on Chinese-made is poised to hurt the company as it suffers from sluggish iPhone sales. Meanwhile, China’s antitrust watchdog is weighing a probe into the company’s App Store policies. Apple was able to obtain an exemption to iPhone tariffs during the last Trump administration, but it is unclear if the company will be able to a second time around.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- AFRM Earnings: Affirm Holdings Stock Surges 15% on Earnings Surprise
- Apple close to unveiling budget iPhone SE, Bloomberg reports
- How PayPal’s (PYPL) Stock Plunge Verifies Warren Buffett’s Wisdom
- SWKS Stock Plummets 23% as Apple (AAPL) Reduces Its Content Reliance for iPhone 17
- Qualcomm, Eli Lilly report quarterly earnings beats: Morning Buzz