- Apple's market capitalization has fallen by $1 trillion since January, partly due to concerns over Donald Trump's tariffs and potential impacts on global growth.
- The company's reliance on Chinese manufacturing for its hardware makes it particularly vulnerable to tariffs imposed by the US, potentially increasing the price of iPhones.
- Apple has been trying to diversify its production to countries like India and Vietnam, but these nations also face significant tariff rates.
- In January, Apple reported an 11% drop in iPhone sales in China, its biggest market, and missed Wall Street revenue expectations.
- Analysts suggest it would take Apple three years and $30 billion to shift just a tenth of its supply chain from Asia to the US in response to the tariffs.
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