Apple’s Historic Selloff Has Bulls Balking From Tariff Risks
Apple has long been viewed as a relative haven given the massive global user base for its products.
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A sharp selloff in shares of Apple Inc. illustrates investor skepticism about its ability to navigate President Donald Trump’s tariffs on China, Vietnam and India — countries all critical to the iPhone maker’s supply chain.
Its shares have shed 23% in the wake of last week’s tariffs announcement, marking the worst four-day stretch for Apple since 2000. The rout erased more than $770 billion in market value from the tech giant and sent a proxy for the stock’s volatility skyrocketing. The decline knocked Apple from the top spot by value in the S&P 500 Index, putting its market capitalization below that of Microsoft Corp.