The introduction of hefty tariffs by the Trump administration has unleashed a firestorm like no other, with Apple being one of the many companies that had to endure a massive blow on a Thursday because of the latest announcement. The company suffered a mammoth $250 billion hit in market capitalization, with its shares down by as much as 8.5 percent. Other technology firms have also witnessed their shares drop, as we dive into the details below. Multiple analysts believe that Apple must increase the prices of its products, including iPhones, to offset the deleterious effects of the tariffs The new levies […]
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