A prominent Apple stock bull has significantly slashed the company’s price target due to concerns over President Trump’s tariff policies, referred to as ‘Tariff Armageddon.’ Analysts warn that tariffs could increase the cost of Apple products, such as iPhones, by up to 26%, with laptops also seeing substantial price hikes. This tariff storm has impacted major tech companies, pushing Apple closer to a one-year low. The uncertainty surrounding tariffs and their potential effects on consumer prices and company profits has led to increased volatility in Apple’s stock performance. — new from Investor\’s Business Daily
