Apple Inc. shares tumbled 3.67% to $181.47 on Monday amid intensifying market pressure stemming from President Donald Trump’s sweeping tariffs, which continue to shake global tech stocks. The company, deeply reliant on Chinese manufacturing, has emerged as one of the most vulnerable players in this escalating trade war.
Wedbush Securities analyst Dan Ives delivered a stark warning, stating that no U.S. tech company is more negatively affected by the tariffs than Apple, given that 90% of iPhones are produced and assembled in China. Citing “tariff economic Armageddon,” Ives cut his price target for Apple from $325 to $250 per share.
Apple, which has already partnered with Trump on a $500 billion U.S. investment plan, faces significant hurdles in relocating production. “It would take three years and $30 billion to shift just 10% of its supply chain from Asia to the U.S.,” Ives estimated.
He further warned that producing iPhones domestically would skyrocket prices, making the idea economically unviable. “If consumers want a $3,500 iPhone, we can build them in New Jersey or Texas,” he quipped.
Apple stock is now down about 25% in 2025, reflecting investor concerns over margin pressure and supply chain disruption amid ongoing geopolitical tensions.
