Last week, Trump postponed the implementation of the new tariffs for certain products such as cellphones until December 15. The primary reason for the delay is to prevent discouraging consumers from shopping during the holiday season.
In a recent note to investors, Ming-Chi Kuo, an analyst at TF International Securities, believes that Apple will absorb additional costs due to U.S. tariffs on China. As a result, the tech giant will suffer a negative impact on profits from its hardware business.
Additionally, Kuo believes that the “negative impact on Apple are limited and temporary because the profit from service business is growing, and non-Chinese production locations will gradually increase
