Apple’s shares fell almost 9% this morning, after the investors reacted to the great announcement of the Customs President Donald Trump.
It is one of the largest daily falls of the company’s value from Pandemic March 2020, which deleted more than $ 293 billion in market capitalization in just a few hours.
Apple, but also other large technological companies – including Microsoft, Amazon, Google, Tesla and Meto – are affected because most of its devices produce in China, Vietnam and India, and Trump Customs increase their imports in the United States.
The Mete stocks fell 8%, Amazon and Tesla by 9%, Google for 4%, and Microsoft by 3%.
Analyst Angelo Zino from CFRa Research says that Apple could try to mitigate impact by improving the efficiency in the logistics chain and sharing consumer costs. But it warns that “difficult to pass more than 5 to 10 percent increase in costs” at the end price without serious risks for income.
Apple faces serious consequences after President Donald Trump announced new customs in imports from China, Vietnam and India. These customs, which reach up to 54% in Chinese products, especially affect technological firms such as Apple, which depend on production facilities in these countries.
Analysts warn that Apple could be forced to increase the prices of their products to make up for additional costs. According to Bank of America, IPhone prices could rise by about 9%, which could negatively affect sales and demand.
In addition, Apple announced $ 500 billion investment plans in the production capacities in the USA, which is interpreted as an attempt to reduce the dependence on foreign drives and avoiding future trade barriers.
These measures come in the middle of a wider market turmeric; Dow Jones Industrial Average fell by 1,585 points (3.8%), while S & P 500 and NASDAQ recorded down 3.4% and 4.5% after Trump’s announcements.
(Vijesti.ba/hina)
