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WASHINGTON (Reuters) – US President Donald Trump's $ 300 million tariff on China could reduce Apple's profits, badysts and experts said.
According to badysts, the new tariff, that the US president threatened to impose on China, or 10%, could result in a reduction in sales of iPhone devices, in the United States next year , between 6 and 8 million devices.
The decline in iPhone sales could reduce Apple's profits by 4% by 2020, said Dan Evis, technology badyst at Wedbush Securities.
On Thursday, Donald Trump threatened to impose a 10% surtax on the remaining $ 300 billion of non-tariff goods in China.
These include laptops, smart phones and other technologies, which means its decision will hit the tech industry hard, CNN reported.
Mr Eves said the tariff threat "brings back a dark cloud on Cupertino (Apple's headquarters)," describing the cartoons as "a punch for Apple," adding that it is clear that " Apple is stuck in the confrontation between Washington and Beijing ".
In the Wall Street shopping streets, there are fears that the trade war will dramatically increase the cost of iPhones worldwide. Trump's comments led Apple to a 2% drop on Thursday and then a further 1% decline on Friday. .
Evis thinks that Apple will be able to lighten some of the costs by tailoring its own supply chain, but also thinks that the process will be slow.
He added that Apple could transfer between 5 and 7% of iPhone production to India and Vietnam over the next two years if tariffs were maintained, but Apple could not completely abandon China .
The article expresses the opinion of the author and not necessarily the site's policy
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