Apple's Stock Had a Wild Morning

[MacRumors]

It was a volatile morning for Apple's stock, which quickly had a $17 swing during intraday trading.

Apple shares opened at $177.24 today, as the company's stock price has continued to drop since U.S. President Donald Trump last week announced steep new tariffs. The tariffs will significantly impact Apple, which still assembles the majority of iPhones and many other devices in China, which is facing a 54% tariff starting April 9.

About an hour into the trading session, however, Apple's stock briefly surged to as high as $194.14, following reports that the Trump administration was considering a 90-day pause on tariffs, in all countries except China. A spokesperson for the Trump administration later described that claim as "fake news," resulting in Apple's stock plunging below $180 again. As of writing, shares are trading around the $181 mark.

Many stocks have plummeted since Trump's announcement, amid fears of a prolonged trade war and economic downturn. Apple's stock price has dropped nearly 20% since closing at $223.89 last Wednesday. Trump threatened China with additional tariffs today, adding to the uncertainty that has sent shockwaves through global markets.

Apple has yet to publicly comment on the tariffs, as customers fear that the price of iPhones and other devices may eventually increase.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

Article Link: Apple's Stock Had a Wild Morning

 

[bigboy29]

Thing is - it was not Apple stock; it was basically the whole market, that did this. Even MSFT (Microsoft) which does not have such large impact on hardware imports as Apple does...

 

[FrozenDarkness]

tim apple needs to fly to mara lago immediately.

 

[DHagan4755]

Looks kinda like a diamond pattern forming on the 15 minute chart. From this stance, this would be bullish.

 

[F23]

Orange Monday. Did you say thank you?

 

[ShivneelSingh]

I feel like we’re living in a nightmare 😔

My rights have been taken away, I’m scared to travel to other states, employment isn’t secure.

Why is this happening?? Can’t Congress limit Mr. Trump’s powers?

 

[JPack]

Get ready to see grey market import iPhones in the U.S.

Kinda weird as you typically only see this thing in other countries like Brazil, Cuba, India, etc.

 

[poorcody]

...and yet it still has a P/E of 28.72!

 

[gleepskip]

I hope everyone took the opportunity to buy at a discount.

 

[Godspeed8230]

Imagine for just one second this would have happened under Biden or Obama or any other Democrat.

 

[Kwstas]

Two options:

1. California declares independence
2. Apple relocates to Europe

 

[novagamer]

Looks kinda like a diamond pattern forming on the 15 minute chart. From this stance, this would be bullish.

Sweet summer child, you really think Technical Analysis works when we’re having Trillion dollar swings based on Truth Social posts and X tweets?

 

[0049190]

Trump has just threatened to increase the tariff on Chinese imports by a further 50% tomorrow. This would be funny if it wasn’t so serious.

 

[CarAnalogy]

Two options:

1. California declares independence
2. Apple relocates to Europe

#1 may not be all that implausible. We fought a war over whether states are allowed to do that (plus a couple other things...) but I wouldn't put it past them to give it a try.

#2 more likely China all things considered.

 

[0049190]

I hope everyone took the opportunity to buy at a discount.

Nobody knows when the share price will bottom out. It could go down a lot further if the US & China go all out against each other in the coming days.

 

[Astuces iOS]

RIP apple… they are going to die!

 

[Daalseth]

Last weekend we updated our aging iPhones to 16s. We weren’t planning on doing it this early, but we wanted to have phones that would be good for a number of years. This is part of our process of making ourselves as secure as possible. We expect them to be bad ones. This includes updating our aging cars with one new one, that we bought outright, and paying off the house. This runs our reserves down, but we shouldn’t have an emergency need for cash for a good long while. Also I expect the buying power of the US$ will start dropping before long so in a couple of years we wouldn’t be able to get these things.

Why is this happening?? Can’t Congress limit Mr. Trump’s powers?

Yes they could, but they won’t. What Trump is doing is clearly illegal and unconstitutional but impeachment is not on the table any time soon. The Republican majority is beholden to the guy who got them back in control of the ship. Until there is enough pain on the ground that Trumps MAGA supporters turn on him and they get political pressure to do something, they won’t. So I expect things will get bad, before they get even worse.

 

[CarAnalogy]

I hope everyone took the opportunity to buy at a discount.

Well I bought at what I thought was a discount, but it just keeps going lower...and the news just keeps getting worse...

 

[Godspeed8230]

Trump has just threatened to increase the tariff on Chinese imports by a further 50% tomorrow. This would be funny if it wasn’t so serious.

Seriously, is he a one trick pony or what?

 

[0049190]

Imagine for just one second this would have happened under Biden or Obama or any other Democrat.

Only the tangerine tyrant could possibly think up this madness.

 

[0049190]

Seriously, is he a one trick pony or what?

I suppose he could always ban all imports from China until they agree to his terms. As crazy as that sounds I wouldn’t bet against it.

 

[jz0309]

Apple has yet to publicly comment on the tariffs, as customers fear that the price of iPhones and other devices may eventually increase.

And I doubt that Apple will publicly comment. Period.
Analysts might ask during the earnings call but who knows what this whole situation will look like at that point…

 

[TechWhisperer]

Looks like Apple's stock is performing the financial equivalent of iOS updates: briefly showing promise before crashing unexpectedly. 🤡

 

[Mactech20]

The stock market recovered from 08, 20 and it will recover from this, always has, always will. Whether that is under Trump or the next President won't really make a difference. It will be interesting to see though if the stock market actually does recover without removing the Tariffs.

 

[Mactech20]

Only the tangerine tyrant could possibly think up this madness.

Although I disagree with you, I haven't heard "tangerine tyrant before" and I think that's really original compared to orange man bad! (seriously)