Apple Soars After Tariff Exemptions—And iPhones May Not Get More Expensive After All
- Wall Street started the week positively, with the S&P 500 up 1.13% and Apple gaining 4.22% after tariff exemptions on smartphones were announced.
- Apple saw a decrease in market share in China, falling from 21% to 17%, despite leading the smartphone market in the first quarter of 2024.
- Commerce Secretary Howard Lutnick confirmed on ABC News that tariffs affecting iPhones may return soon.
72 Articles
72 Articles


Tech, auto shares gain as Trump floats more tariff exemptions amid confusion
KUALA LUMPUR: Big Tech and auto shares rose after the US removed smartphones and other electronics from its tariffs on China over the weekend, and after President Donald Trump added new wrinkles into his vacillating trade policy on Monday by suggesting he might grant exemptions on auto-related levies already in place. © New Straits Times Press (M) Bhd
Apple Supplier Considers U.S. Shift to Dodge Trump's 104% Tariffs on China
A major Apple supplier, Luxshare, is weighing a move to shift some of its production out of China and into the U.S. or other countries, in response to President Trump’s sweeping 104% tariffs on Chinese imports. Luxshare—best known for assembling iPhones and producing AirPods—is now rethinking its long-term strategy as Trump’s trade crackdown escalates. During […] The post Apple Supplier Considers U.S. Shift to Dodge Trump’s 104% Tariffs on China…
Apple fans won’t stay loyal if tariffs mean $2,000 iPhones, top analyst warns
Apple has created a loyal fan base of customers willing to pay premium prices for their products, like iPhones. The company’s strategy has long revolved around product differentiation, brand equity, and perception of value—but one longtime observer warns that a sudden jolt from large tariff-fueled price increases would deter even the most staunch Apple loyalist. “If someone charged you $7 for a slice of pizza, even the best slice of pizza, you …
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