The stock price of Apple, the world’s largest company by market capitalization, has closed with a significant drop for the third consecutive day due to the impact of tariffs imposed by U.S. President Donald Trump.
On the 7th local time, Apple’s stock ended trading at $181.46, down 3.67% from the previous trading day.
After plummeting by 9.2% following President Trump’s announcement of reciprocal tariffs on the 3rd, Apple’s stock has continued to fall for three consecutive trading days, marking a decline of more than 20%.
The market capitalization also decreased to $2.725 trillion, narrowing the gap with the second-place company, Microsoft.
Dan Ives, an analyst at Wedbush Securities, assessed that “the tariff economy triggered by Trump is a total disaster for Apple” and added, “There is no U.S. tech company as negatively impacted by this tariff as Apple.”
Reporter: Kang Jae-eun
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