Quote:
Originally Posted by V
???
Apple is down 20% in 5 days and almost 30% YTD. I'm not sure what you're going on about.
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Apple had a gain of 33% in 2024.
Apple with 104% tariffs (or 10% in India should they move all operations there) in the middle of a fast escalating trade war and changing economical landscape is worth the same as April 2024 with no tariffs? It's barely a haircut in an especially frothy market at ATH.
Upward movement points to market belief of it being oversold as if the market selloff was an overreaction, but on what grounds? China could easily ban the shipment of iPhones in China as retaliation the way this is escalating (where it shipped 43 million phones in 2024).