Lates News

Apple's stock price rose 4% on Friday to close at $229.35 per share, marking the largest weekly gain since July 2020. The price movement this week added over $400 billion to Apple's market value, which now stands at $3.4 trillion. On Wednesday, local time, Cook and Trump jointly announced at the White House that Apple plans to invest $100 billion in US businesses and US-made components over the next four years. Investors had been concerned that Trump's tariff policies could seriously harm Apple's profitability. In July, Apple had warned that if policies remained unchanged, it was expected to incur over $1 billion in tariff costs for the quarter. JPMorgan analyst Sameek Chatterjee wrote on Wednesday: "For months, Apple has been facing potential challenges from tariffs, and Apple and Tim Cook have shown exceptional skills in dealing with this uncertainty." He has a "buy" rating on Apple's stock.