Apple faces challenges over new tariffs, with negative impact on gross margin and stock price
From Yahoo Finance: 2025-04-03 18:37:00
Wedbush analyst Dan Ives criticizes Trump’s plan for a 25% tariff on imported cars, calling it “pure chaos.” Ives warns that tech companies like Apple, Nvidia, and Tesla, heavily dependent on China, will be under pressure. After Trump’s tariff announcement, economic uncertainty looms, impacting IT budgets and supply chains globally.
Apple CEO Tim Cook’s company faces pressure from new tariffs, with potential 9% negative impact on gross margin. Investment firms like Citi and Bank of America cut price targets on Apple stock due to tariff implications. France pushes EU to retaliate against U.S. tech companies over tariffs, sparking international tension. 1. The stock market experienced a significant increase today, with the S&P 500 rising by 2.5% and the Dow Jones Industrial Average increasing by 3%. This surge was fueled by positive economic data and hopes for a potential COVID-19 vaccine.
2. Unemployment numbers continue to improve, with the latest report showing a decrease in jobless claims by 10%. This marks the lowest number of claims since the start of the pandemic, indicating a positive trend in the labor market.
3. Tesla announced record-breaking sales in the third quarter, delivering 139,300 vehicles. This exceeded analysts’ expectations and showcased the company’s ability to thrive during challenging economic times. The news resulted in a 7% increase in Tesla’s stock price.
4. The tech industry faces scrutiny as the Department of Justice files an antitrust lawsuit against Google. The lawsuit accuses Google of maintaining an illegal monopoly in online search and advertising, potentially leading to significant changes in the tech landscape. Google has denied the allegations.
5. In the world of entertainment, Netflix reported a surge in subscriber growth, adding 2.2 million new subscribers in the third quarter. This growth surpassed expectations and helped boost the company’s stock price by 5%. Netflix continues to dominate the streaming market despite increased competition.
Read more at Yahoo Finance: Analysts see challenges for Apple over tariffs