Major analysts: Apple will weather the latest tariff threat, so buy the pullback
Michael Bloom reports for CNBC:While Wall Street analysts are scrambling to assess the fallout of the latest in the U.S.-China trade battle, Apple is once again caught in the crossfire… A fear of further trade escalation sent chipmakers, retailers, and Apple lower on Monday. Since last Thursday’s announcement, shares of the tech giant are down 9%.
“Do you pass along the tariff in the form of a price hike or do you eat it or ultimately, some combination of both,” Bernstei
Read more »