Apple shares tumble on lower price outlook and fears of China-India supply strain

Apple stock is tumbling again after Jefferies fired another ￰0￱ Edison Lee lowered his target to $203.07, down from $205.16, and kept his underperform rating locked ￰1￱ new price target suggests Apple stock could fall a full 17% from Monday’s open at around $246. Edison said there’s simply “more downside than upside” for ￰2￱ though the stock is only down 2% for the year, Edison says its valuation still looks “unattractive” at this ￰3￱ also pointed to tariffs as a serious risk that people are brushing ￰4￱ his words, tariffs could “come back to haunt AAPL.” He highlighted the uncertainty around the U. S.-India and U. S.-China trade deals and warned that Apple’s tariff-exempt status might not last.

“As Trump has just slapped an additional 100% (now 30%) tariff on Chinese imports, whether smartphone imports from China would stay exempt is unclear,” he ￰5￱ warns on iPhone 17 and tariff trouble Edison also threw cold water on Apple’s iPhone 17 supply ￰6￱ said China likely won’t be able to cover all of Apple’s ￰7￱ just using India-based ￰8￱ could open the door for more pressure from Washington, especially if the U. S.-China tensions keep getting ￰9￱ things spiral, the company might be pushed to build more phones on U. S. soil, which would drive up costs even more.

It’s not just about where the phones are made, ￰10￱ warned that the iPhone 17’s margin might take a hit from rising production costs and an unfavorable product ￰11￱ said the phone’s sales momentum has already ￰12￱ this month, Edison had already downgraded Apple to underperform, saying the market had “overly lofty expectations” for its next phone ￰13￱ investors are sweating over supply chains and pricing power, Apple’s legal department has its own crisis to ￰14￱ company is now being sued by neuroscientists Susana Martinez-Conde and Stephen Macknik, who claim Apple used pirated books to train its brand-new Apple Intelligence ￰15￱ lawsuit, filed October 9 in the ￰16￱ Court for the Northern District of California, accuses Apple of pulling books from “shadow libraries” without asking for ￰17￱ researchers say Apple accessed thousands of copyrighted works, including books they ￰18￱ also claim Apple’s market cap jumped by over $200 billion after the AI launch, value they say was built on stolen ￰19￱ isn’t Apple’s first copyright problem ￰20￱ in September, a group of authors also sued the company over AI training ￰21￱ tech giants like Meta and Anthropic have also been dragged into similar legal fights, but so far they’ve had better luck in court thanks to the “fair use” doctrine.

Don’t just read crypto ￰22￱ ￰23￱ to our newsletter. It's free .