Apple shares suffered their biggest decline since August on Tuesday, due to trade tensions between the United States and China.
President Trump told reporters that he had “no deadline” on agreeing a trade deal with China. Many people had hoped that a deal could be reached within weeks.
“Apple continues to be in the crossfire” of the trade war, noted Wedbush analyst Dan Ives. He said that Apple, more than other companies, has “the most to lose if this tariff war does not see a truce going forward.” Approximately 17% of Apple’s revenue comes from China.
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