Apple (AAPL) Stock Prediction & Analysis: Wall Street Cheers As Tech Giant Gets Tariff Reprieve
TLDR:
- Apple stock rose 9.20% over the past week, with a 4.06% gain on Friday to $198.15
- US Customs and Border Protection announced smartphones and other electronics will be exempt from Trump’s tariffs
- Apple has been diversifying by moving iPhone production to India to reduce China dependency
- Wedbush analyst Dan Ives had warned Apple was “in the eye of this storm” before exemptions
- Despite exemptions, analysts note “clear uncertainty and volatility ahead” in China negotiations
Apple’s stock has enjoyed a strong week, climbing 9.20% as investors reacted positively to news that the company would be spared from the worst of President Trump’s new tariffs on Chinese goods.
The tech giant saw its shares rise 4.06%…
