By Arinze Uzo
Business News Correspondent
Apple Inc. (AAPL) experienced a notable decline in its stock price on Friday, May 23, 2025, following President Donald Trump’s announcement of potential tariffs. Trump stated that Apple would face a 25% tariff on iPhones not manufactured in the United States, urging the company to shift its production domestically. This announcement led to a drop of over 2% in Apple’s share price during the day .
In addition to targeting Apple, President Trump also threatened to impose a 50% tariff on all imports from the European Union starting June 1, citing stalled trade negotiations. These developments contributed to a broader market downturn, with the Dow Jones Industrial Average falling by 0.6%, the S&P 500 by 0.8%, and the Nasdaq by 1%
Analysts have expressed skepticism about the feasibility of relocating iPhone production to the U.S., estimating that such a move could increase the price of an iPhone to approximately $3,500 and take several years to implement . Apple has been diversifying its manufacturing footprint, with plans to shift some production to India by 2026 .
As of the latest trading data, Apple’s stock is priced at $195.67, reflecting a decrease of $5.69 (2.83%) from the previous close. The stock’s intraday range has been between $193.30 and $202.00, with a trading volume of approximately 57.7 million shares. Apple’s market capitalization stands at about $3.28 trillion, with a price-to-earnings ratio of 33.72 and earnings per share of $6.42.
The situation remains fluid, and further developments in trade policies and corporate responses will likely influence Apple’s stock performance and broader market trends in the coming weeks.
