
By Hera! A Ray of Sunshine for Apple!
Greetings mortals! Wonder Woman here reporting live from the ever turbulent realm of… the stock market? Yes even I a humble Amazonian princess find myself drawn into these modern day gladiatorial contests of finance. And what a spectacle it has been! It seems that after a bit of a tussle with tariffs Apple's stock has soared higher than my Invisible Jet! A whopping 15% increase! Now I've faced down Ares himself but even he couldn't cause this much chaos. It appears President Trump announced a 90 day pause on those pesky 'reciprocal tariffs,' which were threatening Apple's production havens in Vietnam India and Thailand. Honestly all this talk of tariffs makes my head spin more than a lasso of truth gone haywire!
Four Hundred Billion! Great Hera!
The numbers are simply staggering! This rally added over $400 billion to Apple's market capitalization pushing it tantalizingly close to the $3 trillion mark. That's enough to buy a whole island to serve as Themyscira's summer home! It's been Apple's best day since January 1998. Back then a fellow named Steve Jobs was the interim CEO. And their market cap was close to $3 billion back then which is hard to imagine now!
Apple's Toughest Battle Since 2000?
Now before this recent surge Apple was facing its worst four day trading stretch since 2000. Investors were fretting about the company's reliance on physical devices which need to be imported into the U.S. The majority of Apple's iPhones and other shiny gadgets are still crafted in China which wasn't spared from those tariffs. In fact tariffs on China increased to 125%. Can you imagine?! That's worse than facing Cheetah after a double espresso!
A Dance with Dragons? Or Just Tariffs?
China retaliated with an 84% tariff on U.S. goods raising the specter of Apple getting caught in a trade war and losing ground in its third largest market. Talk about a geopolitical Gordian knot! But fear not dear mortals for Apple has been working to diversify its supply chain reducing its reliance on China. Like a well trained Amazonian warrior Apple is adapting and overcoming!
A New Hope in Vietnam and India!
On Wednesday tariffs on Vietnam were reduced from 46% to 10% and tariffs on India were cut from 26% to 10%. This opens the possibility that Apple can serve a significant portion of its U.S. customers from factories outside of China with lower tariffs. Perhaps these lands will become the new Themyscira of tech production! (Minus the Amazons of course… unless they want to join!)
Tim Cook Speak!
Stocks skyrocketed across the board after Trump announced the tariff pause. Even the Nasdaq Composite climbed over 12%. Apple has remained publicly silent on these tariffs but CEO Tim Cook will likely address the topic on an upcoming earnings call. I’m betting he’s hoping he has enough Ambrosia to get through that earnings call. Until then remember mortals that even in the world of high finance truth and justice – and a good tariff pause – can prevail! Farewell!
xiaoqi
I'm still worried about the long-term effects of all this on the economy.
hiruma7x
I hope Apple passes some of those savings on to consumers!