Summarize and humanize this content to 2000 words in 6 paragraphs in English Shares of consumer tech giant Apple (NASDAQ: AAPL) traded over 5.6% lower today as of 12:52 p.m. ET, extending its sell-off after President Donald Trump issued far-reaching tariffs late last week. Wedbush analyst Dan Ives lowered his price target on the stock in a research report issued yesterday, while maintaining a bullish rating. Ives, who has long been bullish on big tech stocks in the “Magnificent Seven,” has issued several sobering research notes in light of Trump’s tariffs. One from a few days ago said that the tariffs will “set the U.S. tech world back a decade, in our opinion, while China is the clear winner… and we see no debate.” In his recent note on Apple, Ives maintained an outperform rating, but lowered his price target from $325 to $250. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple, given its massive China production exposure,” Ives wrote. “In our view, no U.S. tech company is more negatively impacted by these tariffs than Apple, with 90% of iPhones produced and assembled in China.” Additionally, Ives points out that Apple gets more than half of its Mac computers and at least 75% of tablets from China. He also noted that moving its manufacturing presence to the U.S. is not realistic, and believes such measures would take three years and a roughly $30 billion estimate just to move 10% of its production and supply chain to the U.S. without significant disruption. Apple’s best chance for a reprieve would be to get some kind of exemption from the Trump administration, like it received during Trump’s first term. However, the administration has not shown any signs of backing down yet. As of this writing, Apple’s stock had fallen over 19% over the last five trading days. I don’t think implementation of these tariffs would lead to Apple’s downfall, but they will likely cause significant earnings pain. Long-term-oriented investors can buy the stock, but you should be prepared for significant near-term volatility. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Apple wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $461,558!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $578,035!* Now, it’s worth noting Stock Advisor’s total average return is 730% — a market-crushing outperformance compared to 147% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks »
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