Apple's Stock Market Woes, Airlifting iPhones To Beat Tariffs, Moving Production To India, And More: This Week In Appleverse

The past week has been a rollercoaster ride for Apple Inc. AAPL. From a significant stock nosedive to urgent logistics operations, the tech giant has been in the spotlight for various reasons. The escalating U.S.-China tensions and the resulting tariffs have created a sense of panic among investors and consumers alike. Here’s a recap of the top stories that shaped Apple’s tumultuous week.

Apple Stock Nosedives Amid U.S.-China Tensions

According to Gene Munster, Managing Partner at Deepwater Asset Management, Apple investors have “slid into panic mode” as the company’s shares have plummeted 23% since April 2. Munster warned that the situation could worsen due to the escalating U.S.-China tensions. “It's going to get ugly with China over the next month, which will intensify the panic,” he wrote.

Read the full article here.

Apple Airlifts iPhones to Beat Trump’s Tariffs

In late March, Apple reportedly completed an urgent logistics operation, airlifting five planeloads of iPhones and other products from manufacturing centers in India and China to the U.S. within 72 hours. This move was in response to President Donald Trump's new 10% reciprocal tariff on imports that took effect on April 5.

Read the full article here.

See Also: Trump Tariff Wars: China’s New Rule To Exempt Nvidia, Qualcomm And Others From Levies, But These Chip Companies Will Be Hit With 125% Tariffs

Apple Customers Rush to Stores Amid Tariff Threats

Following the announcement of higher tariffs on Chinese goods, including a 25% levy on electronics, U.S. consumers reportedly rushed to Apple stores to purchase new iPhones ahead of potential price hikes.

Read the full article here.

Apple Plans More iPhone Production in India

To mitigate the financial impact of escalating tariffs on Chinese goods, Apple is reportedly shifting more of its iPhone production to India. This move could potentially offset the projected 30% to 40% price increase on its device.

Read the full article here.

Apple Analyst Slashes Price Forecast

Despite the lower tariff risk, Jefferies analyst Edison Lee downgraded Apple’s price target from $202.33 to $167.88 on Wednesday due to weak iPhone demand and AI revenue. However, he upgraded the company from Underperform to Hold.

Read the full article here.

Read Next:

• Elon Musk’s Tesla Starts Selling In Saudi Arabia Amid Declining Sales In Europe: Charging Network, Low Demand Could Be A Concern

Photo courtesy: Shutterstock

This story was generated using Benzinga Neuro and edited by Rounak Jain