Tech giant Apple could be hit hard if Donald Trump decides to unleash trade tariffs on China after the firm revealed a shock drop in iPhone sales in the Chinese market. Apple reported its total revenue from the Far Eastern nation registered £14.3 billion for the last financial year, an 11% decrease from the previous year.
U.S. stock market futures higher traded higher on Friday, getting a boost from a small earnings beat at Apple but with looming tariff developments threatening to upend the momentum. Dow Jones Industrial Average futures rose 113 points, or 0.3%, to 45168. S&P 500 futures gained 25 points, or 0.4%, to 6124.
Investing.com - U.S. stock futures pointed higher on Friday, with investors pouring through fresh tariff threats from U.S. President Donald Trump and a raft of tech earnings, including iPhone-maker Apple (NASDAQ:AAPL).
The Trump tariffs could financially hit Apple's chip production partnership with TSMC, after the President insisted the import taxes will be applied to semiconductors and other specific industries in the near future.
Trump's virtual appearance at the World Economic Forum annual meeting in Davos was full of promises and threats.
Cloudflare CEO Matthew Prince says the Trump administration should make cybersecurity defenses mission critical.
Returning president was suspended from popular social media platform in wake of the January 6th Capitol riots.
Trump is now the president again. He has promised a historically busy Inauguration Day.
President Donald Trump hit the ground running after his inauguration ... Despite this, Google Maps and Apple Maps have not yet been updated to reflect these new names — and realistically might ...
Sales of Apple iPhones dropped at the end of last year, as the tech firm's roll out of new artificial intelligence (AI) features was met with a lukewarm response. Chief executive Tim Cook said the new features helped to drive stronger sales in the countries where they were available, such as the US.
US President Donald Trump has reiterated his plan to impose 25% tariffs on imports from Canada and Mexico starting February 1, aiming to address undocumented migration, fentanyl trafficking, and trade deficits.
Will opening the gates to placate the US lead to a floodgates open for China scenario?