Apple is no longer in the world Most valuable companyAccording to a CNBC report, iPhone Has surpassed the manufacturer Microsoft After four days of decline in your stock. After Tuesday’s close to the market, Microsoft’s market capitalization was at $ 2.64 trillion, slightly ahead of Apple $ 2.59 trillion.
The broad market recession follows President Donald Trump’s announcement of new “concession” tariffs on imports from more than 100 countries. Global shares have taken a hit, but Apple has been particularly affected due to its significant dependence on China. NASDAQ has fallen 13% in the last four business days, as concerns grow at a potential recession and rising consumer prices.
According to UBS analysts quoted in the report, the price of iPhone 16 Pro Max can rise to $ 350 in the US if the tariff is completely passed to consumers.
Apple may shift more iPhone production in India
A report by the Wall Street Journal stated to transfer an important part of its iPhone manufacturing from China to India from China amid growing concerns over US tariffs. The move aims to remove the increased costs launched by President Trump’s newly declared China-centered import tariff. Although Trump has pushed to an American manufacturing revival, analysts and suppliers say that it is not realistic to transfer iPhone production in Apple’s home country – the cost would be more than only paying tariffs.
Calling these adjustments as a “short -term stopgap”, the report cited a person who is familiar with the case who told the publication: “The company looks very uncertain to increase the current situation in its supply chain to increase long -term investments in its supply chain, which is focused around China”.
In another news, the Apple stores in the US are looking at more iPhone buyers than normal, as many are hurried to upgrade their iPhones before the increase.
