Apple Gets Some Relief from President Trump's Tariffs. Could That Turn the Stock Around?

Apple (NASDAQ: AAPL) hasn't been able to escape the marketwide sell-off, and is down around 20% from its all-time highs. There was considerable concern about how the company would fare because many of its electronics are manufactured in China. Apple has struggled to grow sales recently, and any price increase in its base product would have made that situation even worse.However, Apple got some good news over the weekend: Smartphones and other electronics are exempt from the reciprocal tariffs. That means the iPhone won't be going up in price by 145%, which is the current tariff rate on China (although that's subject to change, as we've found out). Is this a big enough announcement to turn the stock around? Or is there something else that investors need to watch out for?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool