Apple's stock price fell sharply, indicating that investors doubt the company's ability to deal with Trump's tariff policy. Since tariffs were announced last week, Apple's stock price has fallen 19%, the worst performance for three consecutive days since 2001. This sharp decline evaporated Apple's market value by more than $637 billion and caused the stock's volatility to soar. “For Apple, the tariff situation really complicates things. What is it going to do? Raise the price? This will hit demand. Absorb costs?” Anthony Saglimbene, chief market strategist at Ameriprise Consulting Services, said, “This will hurt revenue and profit margins. It's hard to assess the prospects from now on, which is why the market is responding so much.” “The direction Apple is moving will affect the entire market,” Saglimbene said. “Without an agreement on tariffs, it's hard to prove that Apple will rise in the short term.” The Chicago Board Options Exchange's Apple Volatility Index has soared to its highest level since September 2020. The index tracks the market's estimates of the stock's future volatility. Despite this, many analysts remain optimistic about the company's prospects, especially after a historic sell-off.

Apple's stock price fell sharply, indicating that investors doubt the company's ability to deal with Trump's tariff policy. Since tariffs were announced last week, Apple's stock price has fallen 19%, the worst performance for three consecutive days since 2001. This sharp decline evaporated Apple's market value by more than $637 billion and caused the stock's volatility to soar. “For Apple, the tariff situation really complicates things. What is it going to do? Raise the price? This will hit demand. Absorb costs?” Anthony Saglimbene, chief market strategist at Ameriprise Consulting Services, said, “This will hurt revenue and profit margins. It's hard to assess the prospects from now on, which is why the market is responding so much.” “The direction Apple is moving will affect the entire market,” Saglimbene said. “Without an agreement on tariffs, it's hard to prove that Apple will rise in the short term.” The Chicago Board Options Exchange's Apple Volatility Index has soared to its highest level since September 2020. The index tracks the market's estimates of the stock's future volatility. Despite this, many analysts remain optimistic about the company's prospects, especially after a historic sell-off.