Woodring suggested that Apple capitalize on the 90-day pause and look to its ODMs in India, namely Hon Hai, Pegatron and Tata, for ramping up production and meeting U.S. iPhone demand.
Hang Seng Index in bear market territory, losing 20% after US tariffs on Chinese imports. ETFs with exposure to Asia, Tech and Agriculture under pressure.
Several Wall Street analysts cut their price targets for Apple’s stock factoring in the negative impact of tariffs on the company’s top- and bottom-line.
Wall Street saw a tentative tech rebound early Wednesday, as investors begin to shrug off escalating U.S.-China trade tensions following a steep market selloff.
While Morgan Stanley analyst Erik Woodring sees China confrontation risks unlocking the bear case for the stock, he remained positive due to “several mitigation efforts at play.”
U.S. stocks surge after Trump hints at trade progress, easing fears of disruption. S&P 500 up 3%, tech-heavy Nasdaq 100 outperforms. Semiconductors lead sector rally.
UBS expects the price of the top-tier iPhone 16 Pro Max 1 TB storage capacity to rise to $2,062 versus the $2,300 estimated by Rosenblatt Securities last week.
Technology and Communication Services stocks are outpacing the broader market on Monday amid a volatile session for U.S. equities related to tariff headlines.
Wedbush’s Daniel Ives said the current tariff slate of 54% for China and 32% for Taiwan would devastate Apple, its cost structure, and ultimately consumer demand.
SPX price is currently sitting below a confluence of two levels around 5130 and 5200. The next confluence levels lie from approximately 4500 to 4630 and 4800.
On Thursday, the technology sector witnessed a major drop, with the Nasdaq closing 6% lower. This marked the most severe single-day decline for tech stocks in over five years.
