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Apple Buoys Investor Hopes
Mint Kolkata
|August 27, 2025
The tech giant's stock is showing signs of life after struggling through most of 2025
Apple Inc.'s stock is showing signs of life after struggling through most of 2025, as the tariff-related risks that have weighed on the company start to ease.
Shares of the tech giant entered August down 17% for the year due in part to concerns about the impact of President Donald Trump's sweeping levies, which cost the company $800 million in its fiscal third quarter alone.
The US president has long criticized Apple for its reliance on overseas production partners, at one point even threatening to punish the company with tariffs if it didn't make its iPhones in the US.
Then, at an event in the Oval Office on Aug. 6, Apple Chief Executive Officer Tim Cook committed to spending an additional $100 billion on manufacturing in the US.
Denne historien er fra August 27, 2025-utgaven av Mint Kolkata.
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