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Apple Stock Falls After iPhone Maker Warns of Heavy Tariff Cost
That is how much tariffs will add to Apple's costs this quarter, assuming existing policies remain in place, said Chief Executive Tim Cook. He forecast the hit could worsen further ahead. Shares in the iPhone maker fell nearly 3% in premarket trading.
Phone sales beat Wall Street’s expectations but Apple’s vagueness around tariff impacts didn’t sit well with investors.
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Why Apple (AAPL) Stock Is Falling TodayShares of iPhone and iPad maker Apple (NASDAQ:AAPL) fell 4.1% in the morning session after the company reported mixed ...
Key Takeaways Apple shares slid Friday amid worries about tariffs after CEO Tim Cook said they could cost the company $900 ...
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