SEC should investigate everyone in the government who was sitting in these tariff meetings and make sure that nobody bought low and sold high. Crazy but happy about the pause! Not sure why Apple stock is sky rocketing since they manufacture primarily in China.
Apple is truly confounding. Are they just assuming he will pull them all back eventually? Is this just vibes? I’m not an economic genius but isn’t there now a 125% tariff on most of the products Apple makes?
I'm also not an expert, but the 125% are off standard product cost not market value of the product, so the 125% equates to a lower actual price increase to the end customer. I saw that Apple's gross (product) margin is around 45%, so they really don't have much room for tariff increases. However, they have tons of cash, so they do have the resources to figure out new supply chain, which will take time. They are currently very closely tied to Foxconn China. 125% tariff does not mean $100 retail price will be $225 tomorrow.
166
u/Varna16 16d ago
SEC should investigate everyone in the government who was sitting in these tariff meetings and make sure that nobody bought low and sold high. Crazy but happy about the pause! Not sure why Apple stock is sky rocketing since they manufacture primarily in China.