The iPhone maker faced its biggest one-day drop in five years as investors panicked over Donald Trump's heavy tariffs on its supply chain hubs.

Apple’s costs are about to go way up thanks to tariffs. The biggest question facing the world’s most valuable company now is whether to make customers pay for it—or investors. It’s a question with no easy answers—as evidenced by Apple’s share-price wipeout Thursday.

President Trump rolled out new tariffs on April 2 aimed at easing trade imbalances. Here's which products could become more expensive as a result.

The administration of US President Donald Trump is introducing new tariffs, which could particularly impact the business of Apple, The New York Times reports. "The proposed tariffs threaten to compound the pressure on Apple's business.

Investors are clearly concerned about the impact tariffs might have on Apple, which at one point on Thursday was having its worst trading day in five years. Bank of America analyst Wamsi Mohan on Thursday morning cut his price target on Apple from $265 to $250, though he maintained his buy rating on the stock.

President Trump's announcement of tariffs and retaliatory measures by China has seen Apple's shares drop to their lowest point since June 2024, as investors predict rising iPhone prices and falling sales.

President Donald Trump’s 10% baseline tariffs on US trading partners around the world came into effect on Saturday as he plowed ahead with his strategy to encourage domestic investment by companies eager to avoid import taxes.

Mega-cap tech stocks led the rout, with Apple posting its worst two-day drop since March 2020. Financial stocks also suffered steep losses.