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Analyst: Apple investors ‘overreacting’ to U.S.-China trade war and Supreme Court App Store ruling

Tuesday May 14, 2019. 03:32 PM , from Mac Daily News
“Apple investors are overreacting to the financial threat posed by the U.S.-China trade war and Monday’s Supreme Court ruling on the App Store, an analyst claimed on Tuesday,” Roger Fingas writes for AppleInsider.
“Although shares have traded down 11 percent since the start of last week based on both issues — mostly the threat of further tariffs — Apple can weather the storm, said J.P. Morgan’s Samik Chatterjee in a new memo,” Fingas writes. “‘Given that till date there has been limited impact from the tariffs on Apple’s hardware products, and likelihood of outsized losses from recent lawsuits appears limited, we believe the share price reaction can be seen as largely an overreaction,’ he commented. He admitted however that ‘there could be more downside’ on Apple shares in the near term if negativity grows around talks to end the trade dispute.”
“While Apple could raise iPhone prices by as much as 14 percent to keep up its high profit margins, it’s more likely that Apple will absorb the blow to keep prices in check, Chatterjee suggested,” Fingas writes. “This week’s Supreme Court ruling allowing an anti-monopoly case to proceed against Apple will probably have ‘limited’ impact as well, Chatterjee said.”
Read more in the full article here.
MacDailyNews Take: People tend to fear the worst. It almost never happens.
To fear the worst, oft cures the worst. — William Shakespeare
Be fearful when others are greedy and greedy when others are fearful. ― Warren Buffett.
SEE ALSO:
Apple, Deere & Co, retail in focus as U.S. releases fresh tariff list – May 14, 2019
Gene Munster: Apple likely to be spared from China tariffs – May 10, 2019
Apple shares drop 7% this week on fears China trade turmoil threatens iPhone sales – May 10, 2019
Apple’s iOS 13 rumored to drop support for iPhone 6, iPhone SE and iPhone 5s – May 10, 2019
Apple not yet hurt by China tariffs, likely to simply absorb the added cost – May 10, 2019
Apple temporarily escapes new tariffs as U.S.-China trade war escalates – May 10, 2019
Dow futures fall after President Trump tweets ‘absolutely no need to rush’ on China trade deal – May 10, 2019
China overplayed its hand with U.S. President Trump on trade, and it could cost them dearly – May 9, 2019
Apple CEO Tim Cook optimistic about U.S.-China trade talks – February 12, 2019
President Trump says U.S. doing well in trade negotiations with China – January 23, 2019
China’s 2018 growth slows to 28-year low, more stimulus seen – January 22, 2019
Apple CEO Tim Cook: I’m very optimistic about U.S.-China trade talks – January 8, 2019
Advisor to President Trump: Apple’s sales should pick up when U.S.-China strike trade deal – January 3, 2019
https://macdailynews.com/2019/05/14/analyst-apple-investors-overreacting-to-u-s-china-trade-war-and-...

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