Devastating tariffs force Wedbush to slash Apple stock target by $75 to $250

Analysts at Wedbush say that Apple's iPhone is the piece of technology hit the hardest by Trump's tariffs, and has lowered its price target by a whopping $75 as a result.Wedbush says Apple is hit worst by tariffs because 90% of its iPhones are assembled in ChinaWedbush has been raising its Apple stock price target on the expectation of growth because of Apple Intelligence. In December 2024, the price was raised to $325, but it has now been cut back to $250.In a note to investors seen by AppleInsider, Wedbush analysts described the current situation facing Apple as a "tariff economic Armageddon," and "a complete disaster." It bases this on how 90% of iPhones are assembled in China, which Wedbush says means Apple is more affected by the tariffs than any other comparable firm. Continue Reading on AppleInsider | Discuss on our Forums

Apr 7, 2025 - 14:03

Devastating tariffs force Wedbush to slash Apple stock target by $75 to $250

Analysts at Wedbush say that Apple's iPhone is the piece of technology hit the hardest by Trump's tariffs, and has lowered its price target by a whopping $75 as a result.

Wedbush says Apple is hit worst by tariffs because 90% of its iPhones are assembled in China

Wedbush has been raising its Apple stock price target on the expectation of growth because of Apple Intelligence. In December 2024, the price was raised to $325, but it has now been cut back to $250.

In a note to investors seen by AppleInsider, Wedbush analysts described the current situation facing Apple as a "tariff economic Armageddon," and "a complete disaster." It bases this on how 90% of iPhones are assembled in China, which Wedbush says means Apple is more affected by the tariffs than any other comparable firm.

Continue Reading on AppleInsider | Discuss on our Forums