Apple shares drop over 5.6% due to Trump's tariffs and lowered price target

From Yahoo Finance: 2025-04-07 13:11:00

Shares of Apple (NASDAQ: AAPL) fell over 5.6% today due to Trump’s tariffs. Analyst Dan Ives lowered Apple’s price target from $325 to $250, citing a “complete disaster” for the company. Apple relies heavily on China for production, making it the most negatively impacted tech company by tariffs.

Apple gets over half of its Mac computers and 75% of tablets from China. Moving production to the U.S. is impractical, costing $30 billion and taking three years for a 10% shift. Apple’s best hope is an exemption from the Trump administration, but no signs of backing down have been shown.

Despite potential earnings pain, long-term investors can consider buying Apple stock with caution. The Motley Fool Stock Advisor team has identified the top 10 stocks to buy now, excluding Apple. Their past recommendations have shown significant returns compared to the S&P 500.



Read more at Yahoo Finance: Why Shares of Apple Are Getting Hammered Today