onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: Apple’s 3-day loss in market cap swells to almost $640 billion
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
News

Apple’s 3-day loss in market cap swells to almost $640 billion

Last updated: April 7, 2025 4:40 pm
Oliver James
Share
2 Min Read
Apple’s 3-day loss in market cap swells to almost 0 billion
SHARE

(L-R) Apple CEO Tim Cook, Vivek Ramaswamy and Secretary of Homeland Security Kristi Noem attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. President in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025.

Saul Loeb | Afp | Getty Images

While the stock market broadly fared better on Monday than in the prior two trading days, Apple got hammered once again, losing 3.7%, as concerns mounted that the company will take a major hit from President Donald Trump’s tariffs.

The sell-off brings Apple’s three-day rout to 19%, a downdraft that has wiped out $638 billion in market cap.

Apple is one of the most exposed companies to a trade war, analyst say, due largely to its reliance on China, which is facing 54% tariffs. Although Apple has production in India, Vietnam and Thailand, those countries also face increased tariffs as part of Trump’s sweeping plan.

Among tech’s megacap companies, Apple is having the roughest stretch. On Monday, the only stocks to drop in that group of seven were Apple, Microsoft and Tesla.

The Nasdaq finished almost barely up on Monday after plummeting 10% last week, its worst performance in more than five years.

Analysts say Apple will likely either need to raise prices or eat additional tariff costs when the new duties come into effect. UBS analysts estimated on Monday that Apple’s highest-end iPhone could rise in price by about $350, or around 30%, from its current price of $1,199.

Barclays analyst Tim Long wrote that he expects Apple to raise prices, or the company could suffer as much as a 15% cut to earnings per share. Apple may also be able to rearrange its supply chain so that imports to the U.S. come from other countries with lower tariffs.

Apple declined to comment on the tariffs.

WATCH: Apple plummets on Trump tariffs

Apple plummets on Trump tariffs: Here's what you need to know

You Might Also Like

Ukraine’s Zelenskyy claims Chinese nationals helping Russia produce drones | Russia-Ukraine war News

‘Little Less Whining’: Obama Says Dem Party Needs To ‘Toughen Up’

One of three Ohio police officers shot in ambush dies

President Trump directs ICE to expand deportations in large Democratic-run cities

Where EU tariffs will hit hardest

Share This Article
Facebook X Copy Link Print
Share
Previous Article Trump tariffs shake crypto markets, where are Bitcoin and meme coins headed? Trump tariffs shake crypto markets, where are Bitcoin and meme coins headed?
Next Article Trump claims US has held direct nuclear talks with Iran | Politics News Trump claims US has held direct nuclear talks with Iran | Politics News

Latest News

Samsung Elec signs chip supply deal with Tesla, sources say
Samsung Elec signs chip supply deal with Tesla, sources say
Finance July 27, 2025
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
US and China to talk in Stockholm on trade with eye on Trump-Xi summit later this year
Finance July 27, 2025
I Asked ChatGPT for the Best Deals at Costco This Fall: Here’s What It Said
I Asked ChatGPT for the Best Deals at Costco This Fall: Here’s What It Said
Finance July 27, 2025
Trump’s EU deal averts disaster. But few are cheering
Trump’s EU deal averts disaster. But few are cheering
Finance July 27, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.