Apple's Stock Had a Wild Morning

It was a volatile morning for Apple's stock, which quickly had a $17 swing during intraday trading.

Stocks App Icon and Apple Logo Feature
Apple shares opened at $177.24 today, as the company's stock price has continued to drop since U.S. President Donald Trump last week announced steep new tariffs. The tariffs will significantly impact Apple, which still assembles the majority of iPhones and many other devices in China, which is facing a 54% tariff starting April 9.

About an hour into the trading session, however, Apple's stock briefly surged to as high as $194.14, following reports that the Trump administration was considering a 90-day pause on tariffs, in all countries except China. A spokesperson for the Trump administration later described that claim as "fake news," resulting in Apple's stock plunging below $180 again. As of writing, shares are trading around the $181 mark.

Many stocks have plummeted since Trump's announcement, amid fears of a prolonged trade war and economic downturn. Apple's stock price has dropped nearly 20% since closing at $223.89 last Wednesday. Trump threatened China with additional tariffs today, adding to the uncertainty that has sent shockwaves through global markets.

Apple has yet to publicly comment on the tariffs, as customers fear that the price of iPhones and other devices may eventually increase.

Note: Due to the political or social nature of the discussion regarding this topic, the discussion thread is located in our Political News forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

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Top Rated Comments

ShivneelSingh Avatar
25 weeks ago
I feel like we’re living in a nightmare ?

My rights have been taken away, I’m scared to travel to other states, employment isn’t secure.

Why is this happening?? Can’t Congress limit Mr. Trump’s powers?
Score: 45 Votes (Like | Disagree)
Godspeed8230 Avatar
25 weeks ago
Imagine for just one second this would have happened under Biden or Obama or any other Democrat.
Score: 31 Votes (Like | Disagree)
novagamer Avatar
25 weeks ago

Looks kinda like a diamond pattern forming on the 15 minute chart. From this stance, this would be bullish.
Sweet summer child, you really think Technical Analysis works when we’re having Trillion dollar swings based on Truth Social posts and X tweets?
Score: 30 Votes (Like | Disagree)
Kwstas Avatar
25 weeks ago
Two options:
[LIST=1]
* California declares independence
* Apple relocates to Europe
Score: 24 Votes (Like | Disagree)
F23 Avatar
25 weeks ago
Orange Monday. Did you say thank you?
Score: 22 Votes (Like | Disagree)
Daalseth Avatar
25 weeks ago
Last weekend we updated our aging iPhones to 16s. We weren’t planning on doing it this early, but we wanted to have phones that would be good for a number of years. This is part of our process of making ourselves as secure as possible. We expect them to be bad ones. This includes updating our aging cars with one new one, that we bought outright, and paying off the house. This runs our reserves down, but we shouldn’t have an emergency need for cash for a good long while. Also I expect the buying power of the US$ will start dropping before long so in a couple of years we wouldn’t be able to get these things.

Why is this happening?? Can’t Congress limit Mr. Trump’s powers?
Yes they could, but they won’t. What Trump is doing is clearly illegal and unconstitutional but impeachment is not on the table any time soon. The Republican majority is beholden to the guy who got them back in control of the ship. Until there is enough pain on the ground that Trumps MAGA supporters turn on him and they get political pressure to do something, they won’t. So I expect things will get bad, before they get even worse.
Score: 18 Votes (Like | Disagree)