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Apple’s Historic Selloff Has Bulls Balking From Tariff Risks
- Apple's shares experienced a significant selloff, dropping 19% following President Trump's tariffs on China, Vietnam, and India.
- The market value of Apple plummeted by over $637 billion during this period, with concerns about how the tariffs will impact the company.
- Analysts are uncertain about Apple's future strategies regarding pricing and costs amidst the tariff disruptions.
- Apple's stock rebounded slightly after the initial slump, while market volatility for the company increased dramatically.
- Investors are closely monitoring the effects of tariffs on Apple's margins, spending, and stock price.
- Despite the uncertainty, analysts are optimistic about Apple's long-term prospects despite the recent selloff.
- The stock is currently trading at around 24 times estimated earnings, considered attractive by some portfolio managers.
- The upcoming quarterly earnings report in May will be a crucial event for Apple's stock performance.
- Analysts are refraining from making drastic changes to their estimates until further clarity on tariffs is provided.
- The market is anticipating negative revisions for tech companies, including Apple, in the upcoming quarters.
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