The recent announcement of tariffs affecting Apple in various regions around the world has resulted in a significant 7.9 percent drop in Apple's shares. Despite Tim Cook's efforts to shield the company from these tariffs, investors are expressing concerns about the impact on Apple's financial performance.
With the news of potential price hikes for the upcoming iPhone 17, following an underwhelming iPhone 16 launch, the market sentiment towards Apple has been declining.
Tim Cook's attempts to secure exemptions for Apple from the tariffs have not been successful, leading to uncertainty among investors about the company's future performance.
