Apple Stock Nosediving Since 'Liberation Day' Tariffs Has Created Panic, Says Gene Munster: Predicts Tim Cook's 'Favorable' Relationship With Trump, Xi Jinping Will Rescue iPhone-Maker

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What Happened: “It’s going to get ugly with China over the next month, which will intensify the panic,” Munster wrote Tuesday on X, addressing Apple’s dramatic selloff as the White House confirmed President Donald Trump‘s 104% retaliatory tariff on Chinese imports would take effect Wednesday.Apple shares fell 4.98% to $172.42 on Tuesday as markets reversed earlier gains following the tariff announcement, with investors concerned about potential supply chain disruptions and weakened sales in China.

Apple Inc.(NASDAQ:AAPL) investors have “slid into panic mode” with shares dropping 23% since Apr.2, according to Deepwater Asset Management Managing Partner Gene Munster, who warns the situation could deteriorate further amid escalating U.S.-China tensions.

Despite near-term challenges, Munster remains optimistic about Apple's long-term outlook.

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Author / Journalist: Kaustubh Bagalkote

Category: Technology

Markets: United StatesChina

Topics: Donald Trump Benzinga neuro Equities Tariffs News AAPL IPhone Tim Cook Appleverse Apple Consumer Tech US0378331005 Markets Gene Munster Benzinga Xi Jinping Global Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-09 @ 09:18:22 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 437 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27752237

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