Tech giant Apple slipped from its throne as the world's most valuable company this week, with its stock price tumbling 23% after U.S. tariff announcements rattled investors. 📉 The four-day selloff erased over $770 billion in market value, letting Microsoft snatch the crown with a $2.64 trillion valuation.
Why This Matters
Analysts say Apple's global supply chains—critical for iPhone production—are particularly exposed to new trade barriers. The 'reciprocal tariffs' proposed by former President Trump could squeeze profit margins and disrupt manufacturing hubs across Asia.
What's Next?
While Apple hasn't commented, industry watchers suggest diversification moves like expanding factories in India 🌏 might accelerate. For now, the tech showdown continues: Can Cook & Co. regain their shine, or will cloud-focused Microsoft keep leading? 💻⚡
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Apple's stock price falls amid tariffs, loses top market value crown
cgtn.com