Apple shares fell 3.67% on Monday for three consecutive trading days as fears grew that the company would be hit hard by Trump's tariffs. This sell-off caused Apple's cumulative decline of 19% over the three trading days, and the market value evaporated by 638 billion US dollars. Analysts said that when the new tariffs take effect, Apple may either need to raise prices or bear additional tariff costs. UBS analysts estimate that the price of Apple's highest-end iPhone may rise about 350 US dollars from the current 1199 US dollars, an increase of about 30%. Barclays expects Apple to raise prices, otherwise its earnings per share could drop 15%.

Apple shares fell 3.67% on Monday for three consecutive trading days as fears grew that the company would be hit hard by Trump's tariffs. This sell-off caused Apple's cumulative decline of 19% over the three trading days, and the market value evaporated by 638 billion US dollars. Analysts said that when the new tariffs take effect, Apple may either need to raise prices or bear additional tariff costs. UBS analysts estimate that the price of Apple's highest-end iPhone may rise about 350 US dollars from the current 1199 US dollars, an increase of about 30%. Barclays expects Apple to raise prices, otherwise its earnings per share could drop 15%.