Apple faces decline due to Trump tariffs, analyst lowers price target, negative impact on production

From Stocktwits: 2025-04-07 07:32:00

Apple, Inc. (AAPL) shares are facing a third consecutive day of decline due to President Trump’s tariffs, with Wedbush’s Daniel Ives stating that tariffs could devastate Apple’s cost structure and consumer demand. Ives lowered the price target for AAPL to $250 from $325 but maintained an ‘Outperform’ rating, citing the negative impact of tariffs on Apple’s production in China. Bloomberg’s Mark Gurman suggests that Apple may need to raise U.S. iPhone prices due to tariffs, while reports indicate Apple is considering expanding iPhone assembly in Brazil to avoid tariffs. AAPL sentiment on Stocktwits remains bearish, with the stock down 25% from the beginning of the year, currently trading at $183.59.



Read more at Stocktwits: Apple Analyst Says Trump Tariffs ‘Devastating’ For Tech Giant, Cuts Street-High Price Target: Retail Pessimism Persists