Apple Shares Slide as Wedbush Slashes Price Target Amid Tariff Fears

Apple Shares Slide as Wedbush Slashes Price Target Amid Tariff Fears

Key Highlights:

• Apple shares dropped 2.7% in premarket trading Monday after Wedbush analysts cut their price target from $325 to $250.

• The firm remains bullish long-term but sees Apple as the most vulnerable U.S. tech company to Trump’s tariff policies.

• Apple's stock is now down 25% year-to-date, with its market cap falling from $3.681 trillion in January to $2.83 trillion as of April 5.

• Analysts cite Apple’s deep dependence on Asian manufacturing, with 90% of iPhones made in China, as a major risk.

Apple Inc. (AAPL) shares continued their decline on Monday, falling 2.7% to $183.21 in premarket trading after Wedbush analysts issued a bearish revision on the stock’s price target. While still maintaining an overall bullish stance, Wedbush cut its price target from $325 to $250, citing increasing concern over President Donald Trump’s aggressive tariff policies.

According to the note released Sunday by Dan Ives and his team, Apple is the most exposed U.S. tech firm to the current trade tensions due to its heavy manufacturing presence in Asia. The analysts emphasized that 90% of iPhones are produced and assembled in China, making the tech giant especially vulnerable to tariffs and supply chain disruption.

Trump’s proposed 54% tariffs on Chinese imports and 32% duties on goods from Taiwan would significantly raise Apple’s production costs and could ultimately impact consumer pricing and demand.

“The hearts and lungs of the Apple supply chain are cemented in Asia,” the analysts warned, comparing the current situation to the pandemic but noting that tariffs present a more structural threat to Apple’s business model.

Apple’s market capitalization, which stood at $3.681 trillion in January 2025, has now fallen to approximately $2.83 trillion as of April 5.