“Cowen nevertheless warned that Apple's earnings per share (EPS) could be slashed by 14% if an expansion of Trump administration tariffs on Chinese goods takes effect in June. That could see a 25% levy on products like iPhones, iPads, and MacBooks, which are primarily assembled in China by companies like Foxconn and Pegatron.
iPhones alone could knock 6 to 7% off EPS, Cowen said. That's assuming Apple decides to absorb the hit from tariffs — if it hikes prices to compensate, EPS could drop $0.14 to to $0.58 per share, based on "demand destruction" of 10 to 40%. That would amount to 1 to 4% of forecast fiscal 2020 EPS.”
http://appleinsider.com/articles/19/05/14/scotus-ruling-us-china-trade-war-not-a-threat-to-apples-growth-potential
And this is the NO 1 company in the world. Hurt by its own president. To help who? The asshats who don’t want to learn anything in order to continue mining coal as if it is 1920?
That’s what it comes down to: kill high tech so we can mine coal.
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