Apple Stock News

Shares of Apple (AAPL -4.04%) are heading lower in Thursday's trading. The tech giant's stock was down 4.2% as of 3:30 p.m.

President Donald Trump is ratcheting up his tariff battle with China. But Apple Inc. has mechanisms to cope, according to Morgan Stanley.

President Donald Trump's administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time.

Apple stock faces significant risks, including soft iPhone sales, regulatory hurdles, and increased tariffs impacting consumer confidence and costs. Despite these challenges, EBITDA and free cash flow estimates have only slightly decreased. Peer group valuation shows a 30% upside, but global recession risks and valuation concerns justify maintaining a hold rating with a $204.61 price target.

Apple has reportedly flown 600 tons of iPhones into the U.S. in an anti-tariff measure. The effort, which brought up to 1.5 million of Apple's flagship smartphones into the country, came after the company ceased productions in India to overcome President Donald Trump's tariffs, Reuters reported Thursday (April 10), citing sources familiar with Apple's plans.

Tech firm has reportedly flown 600 tonnes of handsets from Indian factories as Chinese goods face huge tariffs

Apple dropped 4% after its best day since January 1998. Markets fell Thursday after President Trump announced a 90-day pause on some tariffs that spurred a historic market rally.

Apple has airlifted around 600 tonnes, or about 1.5 million iPhones, from India to the United States, chartering cargo flights in a race to beat newly imposed tariffs under President Donald Trump's latest trade measures, Reuters reported, citing people familiar with the matter.