Apple has ceded its position as the world’s most valuable company to Microsoft following a significant decline in its stock price. As of Tuesday’s market close, Microsoft’s market capitalization reached $2.64 trillion, surpassing Apple’s $2.59 trillion. Investopedia+5The
The downturn in Apple’s stock is largely attributed to newly imposed tariffs by the U.S. government, which have heightened concerns about the company’s reliance on Chinese manufacturing. These tariffs could potentially increase the price of the iPhone 16 Pro Max by up to $350 in the U.S. if the additional costs are passed on to consumers.
In response to these challenges, Apple is reportedly planning to shift a significant portion of its iPhone production from China to India. This strategic move aims to mitigate the impact of the tariffs and reduce dependence on Chinese manufacturing.
