{"id":40727,"date":"2025-04-08T03:20:46","date_gmt":"2025-04-08T08:20:46","guid":{"rendered":"https:\/\/ustower.net\/?p=40727"},"modified":"2025-04-08T03:22:52","modified_gmt":"2025-04-08T08:22:52","slug":"apples-3-day-loss-in-market-cap-swells-to-almost-640-billion","status":"publish","type":"post","link":"https:\/\/ustower.net\/?p=40727","title":{"rendered":"Apple\u2019s 3-day loss in market cap swells to almost $640 billion"},"content":{"rendered":"\n

While the stock market broadly fared better on Monday than in the prior two trading days, Apple<\/a> got hammered once again, losing 3.7%, as concerns mounted that the company will take a major hit from President Donald Trump\u2019s tariffs<\/a>.<\/p>\n\n\n\n

The sell-off brings Apple\u2019s three-day rout to 19%, a downdraft that has wiped out $638 billion in market cap.<\/p>\n\n\n\n

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\u2019s sweeping plan.<\/p>\n\n\n\n

Among tech\u2019s megacap companies<\/a>, Apple is having the roughest stretch. On Monday, the only stocks to drop in that group of seven were Apple, Microsoft<\/a> and Tesla<\/a>.<\/p>\n\n\n\n

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

Analysts say<\/a> 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\u2019s highest-end iPhone could rise in price by about $350, or around 30%, from its current price of $1,199.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Apple declined to comment on the tariffs.<\/p>\n\n\n\n

Nbcnews<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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\u2019s tariffs. The sell-off brings Apple\u2019s three-day rout to 19%, a downdraft that has wiped out $638 billion in market cap. […]<\/p>\n","protected":false},"author":7,"featured_media":40728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1155],"tags":[3889,32913,3673,3616,1230],"class_list":["post-40727","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-apple","tag-heavy-losses","tag-stock-market","tag-tariffs","tag-trump"],"_links":{"self":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/40727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40727"}],"version-history":[{"count":1,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/40727\/revisions"}],"predecessor-version":[{"id":40729,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/posts\/40727\/revisions\/40729"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=\/wp\/v2\/media\/40728"}],"wp:attachment":[{"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ustower.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}