President Donald Trump believes Apple It can do a characteristic iPhone in the USA to avoid new tariffs. The analyst Needham Laura Martin is not sold.
“I don't think it's something,” Martin said on Tuesday in “The Exchange” CNBC, responding to the commentary of the White House press secretary Karoline Leavitt about the technological giant introducing the production of the iPhone to America.
Martin said that Apple costs would increase rapidly, if he began to build his awning product in the US Cost 3,500 If it is produced in the country.
In addition, the process of transferring the supply chain to the USA would take summer, said Martin. Most supply chain experts claim that complete iPhones in the USA are impossible.
Asked by the reporter about the moving of the iPhone production, Leavitt said on Tuesday that Trump wants to introduce production work to the USA in particular, she said that the US has had work force and resources to make a smartphone in the country.
“He thinks we have a job, we have a workforce, we have resources for it,” she said about Trump's position in creating iPhones in the USA
“And as you know, Apple has invested $ 500 billion Here in the United States – added Leavitt. “If Apple did not think that the United States could do this, they would probably not put such a large part of the change.”
Martin's comments appear as Investors drop Apple shares Given the production exhibition to China. The Asian country is in the face of a cumulative tariff rate of 104% just after midnight after Trump's retaliation for dad. Other countries where Apple manufacturers, such as India and Vietnam, are also in the face of fees.
All together, Martin said that Trump's tariffs would increase Apple costs by about 50% higher.
Stock Apple is fighting
Apple is divided in Tuesday's session, and the last actions moved almost 2%. Shares have dropped by about 20% in the last five shopping days, when investors assessed, among others, Trump's plan for a well -known iPhone and iPad manufacturer.
Apple, 5-day
UBS estimated on Monday that Trump's mutual tariff plan can force Apple to raise the price of its top -class iPhone up to USD 350 for American consumers. Martin warned that Apple exceeds the increase in costs for American consumers could increase inflation.
For investors, Martin said that I would break before buying a inheritance.
The analyst noted that most analysts have not yet adapted the estimates of earnings for the company, taking into account the uncertainty of commercial policy. She said that traders may have a greater disadvantage if the fees come into force, as originally presented, or if the company encounters other shocks.
“There are many worst cases for Apple,” said Martin, mentioning retaliation from China or the country attacking Taiwan as two examples.
– KIF Leswing CNBC contributed to this report.
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