From Yahoo Finance: 2025-04-09 20:30:00

Apple Inc. investors are in “panic mode” as shares drop 23% since April 2 due to escalating U.S.-China tensions. Despite a 4.98% drop to $172.42 on Tuesday, Deepwater Asset Management’s Gene Munster remains optimistic about Apple’s long-term outlook, citing CEO Tim Cook’s relationships with Trump and Xi Jinping. Bank of America analyst Wamsi Mohan sees this as a buying opportunity, with potential for 17% gains one year after similar drops. Customers flock to Apple stores to buy iPhones before potential price increases due to tariffs, with manufacturing costs potentially rising by over 45%.

Read more: Predicts Tim Cook’s ‘Favorable’ Relationship With Trump, Xi Jinping Will Rescue iPhone-Maker