What’s wrong with Apple? Even before the threat of President Donald Trump’s tariffs, there were questions about Apple’s inability to make good on new ideas. — Alvaro Dominguez/The New York Times
SAN FRANCISCO: Even before President Donald Trump’s tariffs threatened to upend Apple’s manufacturing business in China, the company’s struggle to make new products was leading some people inside its lavish Silicon Valley headquarters to wonder whether the company had somehow lost its magic.
The tariffs, which were introduced April 2, caused Apple to lose US$773bil (RM3.4 trillion) in market capitalisation in four days and briefly lose its standing as the most valuable publicly traded company in the world. But investors had already started to sour on the company, sending its share price down 8% in the first four months of the year, double the S&P 500’s decline.
