Apple Stock News

Late Friday, the Trump administration exempted smartphones and other consumer-electronics products from recently imposed tariffs, in what appears to be at least a temporary win for Apple Inc. AAPL+2.86%, Nvidia Corp. NVDA-0.79% and other Big Tech names.

US indices rebound as Apple, Dell, and Intel surge on tech tariff relief. Volatile market raises questions about sustainability.

President Donald Trump on Monday celebrated last week's historic stock market surge following his softening on tariffs, the latest evidence of financial market movements' influence on Trump, whose Monday assertion was arguably cherrypicked considering the stock losses during his second term are still stark.

Technology companies pick China for production primarily because it offers lower labour costs. That's the widespread conception, or perhaps a “misconception” as Tim Cook, the chief executive of Apple (NASDAQ: AAPL), would call it.

The continuing threat of a far-reaching trade war and on-again, off-again tariffs has sparked historic volatility in the stock market in recent weeks. The dour mood resulting from ongoing correction has been offset by waves of euphoria, with investors latching onto any positive developments to bid up stocks from recent lows.

Apple Inc. has avoided immediate fallout from new US-China tariffs, but future sector-specific duties could pose moderate earnings risk, Bank of America said Monday.

It's been another chaotic weekend when it comes to President Trump's tariff trade war. On Friday, it was announced that electronic devices like smartphones and computers would be exempt from the looming tariffs of up to 145%—music to tech investors' ears.

Apple looked like it was off the hook for some tariffs. Then Donald Trump said there wasn't a tariff "exception" for tech products.