What's wrong with Apple?

Testing Times

- TRIPP MICKLE

EVEN BEFORE PRESIDENT Trump's tariffs threatened to upend Apple's manufacturing business in China, the firm's struggle to make new products was leading some people inside its lavish Silicon Valley headquarters to wonder whether the firm had somehow lost its magic.

The tariffs, which were introduced April 2, caused Apple to lose $773 billion in market capitalization in four days and briefly lose its standing as the most valuable publicly traded firm in the world. But investors had already started to sour on the company, sending its share price down 8% in the first four months of the year, double the S&P 500's decline.