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Tech

Apple loses $300 billion from tariffs-induced sell-off

Apple loses $310 billion amid tariff-induced sell-off; worst drop since March 2020, impacting tech stocks significantly.

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3 weeks ago

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Apple loses $310 billion amid tariff-induced sell-off; worst drop since March 2020, impacting tech stocks significantly.

In Short

Tech stocks plummeted on Thursday, with Apple suffering a 9% drop following Trump’s tariff announcement, resulting in over $310 billion loss in market capitalisation.

This situation underscores growing trade tensions, as Apple faces challenges diversifying its supply chain amidst new tariffs impacting its key production countries.

Tech stocks dropped significantly on Thursday, with Apple leading the decline after President Trump’s tariff announcement.

Apple shares fell over 9%, marking the worst performance since March 2020, which resulted in a loss exceeding $310 billion in market capitalisation. Analysts have pointed out that Apple’s overseas production facilities are highly susceptible to these tariff changes.

Trump’s tariff plan affects around 185 countries, including major trading partners, with specific tariffs imposed on imports from China, the EU, Vietnam, Taiwan, and India, set to begin on April 9. The new 34% tariff on China compounds the existing 20% rate, leading to a total of 54%, which is critical for Apple as approximately 85% of its iPhones are produced there.

Analysts have raised concerns regarding exceptions and exemptions for companies wishing to establish manufacturing in the US, which Apple has previously announced.

As trade tensions grow, Apple is diversifying its supply chain by increasing production in India and Vietnam. However, the new tariffs also target these countries, limiting options for Apple.

Concerns about pricing, margins, and global supply chain implications remain prevalent in the market. The overall impact of these tariffs is expected to exert significant pressure on tech stocks going forward.

Overall, other major technology companies also faced losses, with the group collectively losing nearly $913 billion in market capitalisation.

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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Tech

Musk’s bombshell announcement as Tesla profits plunge

Tesla faces 71% net income drop in Q1 2025 amid falling revenue and vehicle deliveries; expert insights in the latest Ticker episode.

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2 days ago

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April 23, 2025

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Tesla faces 71% net income drop in Q1 2025 amid falling revenue and vehicle deliveries; expert insights in the latest Ticker episode.


Tesla has reported a dramatic 71% decline in net income for the first quarter of 2025, missing Wall Street expectations.

Revenue also fell 9% to $19.3 billion, largely due to slumping automotive sales in major markets like the U.S., China, and Germany.

A 13% drop in vehicle deliveries, tied in part to CEO Elon Musk’s political controversies, has investors worried.

Brad Gastwirth from Unearthing Opportunities joins us to unpack the numbers and what’s next for Tesla.

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Tech

Nvidia to build AI supercomputers in the U.S. for first time

Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.

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1 week ago

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April 18, 2025

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Nvidia invests $500 billion in U.S. AI supercomputers, shifting production to Texas to strengthen supply chains and boost domestic growth amid rising tariffs and national tech pressures.


Nvidia to build AI supercomputers in the U.S. for the first time — a $500 billion move that could redefine the global tech industry.

With new tariffs on imports from China and Taiwan, the chip giant is shifting production to Texas, partnering with Foxconn and Wistron.

Nvidia says the decision will strengthen its supply chain and boost domestic economic growth.

The announcement comes amid growing pressure to secure national tech infrastructure and reduce reliance on Asia. How will this impact jobs, prices, and America’s AI ambitions?

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Tech

‘Stuck in the past’: Has Apple lost its edge?

Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.

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1 week ago

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April 16, 2025

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Apple, once an innovator, faces criticism for stale updates and designs, prompting comparisons to 1980s IBM and calls for Tim Cook’s departure.


Apple, once a symbol of innovation, is now under fire for uninspiring product updates.

The headline “Has Apple lost its edge? Critics say it’s stuck in the past” captures growing frustration over recycled designs and underwhelming features.

From the original iPhone to the lacklustre Apple Intelligence, critics now compare the company to IBM in the 1980s. Is it time for Tim Cook to step aside?

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#Apple #TimCook #TechNews #iPhone #AppleIntelligence #Innovation #BradGastwirth #TechDebate

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