Apple

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Apple loses $250B market value as tariffs tank tech stocks (techcrunch.com)

submitted 6 days ago by BrikoX@lemmy.zip to c/apple@lemmy.zip

5 comments fedilink hide all child comments

Apple lost more than $250 billion in market value Thursday, with shares down as much as 8.5% as a result of President Donald Trump’s tariff spree.

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[–] MoonElf@hexbear.net 4 points 6 days ago

those million dollar inauguration fund 'donations' are really paying off for our oligarchs

[–] reddig33@lemmy.world 4 points 6 days ago

If this was just tariffs on China it probably wouldn’t have hurt Apple as much. They manufacture devices and parts in a number of countries. But no, the Trump administration has pretty much tariffed anything made outside of the 50 states.

So much winning! /s

[–] nesc@lemmy.cafe 3 points 6 days ago (1 children)

Good!

[–] Ulrich@feddit.org 0 points 6 days ago (1 children)

Not really sure how that's good. It's bad for Apple and bad for everyone.

Biden had a much more intelligent way of bringing manufacturing to the US.

[–] nesc@lemmy.cafe -2 points 6 days ago

Bad for apple is good for everyone else.