Apple faces its largest decline since 2020, leading the race of significant drops in technology stocks as President Donald Trump announced a 10% tariff on all imported goods and higher duties targeting specific countries,

The company counts on the sale of devices for three-quarters of its nearly $400 billion in annual revenue, and it makes almost all of its iPhones, iPads and Macs overseas.

Apple (AAPL) shares dropped by about 8 percent in early trading Thursday after new tariffs announced by the Trump administration targeted countries where the tech titan produces its products. The stock decline was part of a broader sell-off that saw the S&P 500 down more than 4 percent and the Nasdaq down nearly 6 percent.

Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.

The S&P’s 9% loss since last Friday makes this stocks’ worst week since March 2020 and the fifth-worst week of the last 20 years, trailing only losses sustained in October 2008 and early 2020.

Apple (NASDAQ:AAPL) offers a favorable investment opportunity, according to Citi, as the company expands Apple Intelligence to more languages and its stock approaches a bearish valuation scenario. In a research note published Tuesday,

Despite gaining some market share in the US, where iPhone sell-through was down roughly 1%, the overall decline in the US smartphone market by about 5% YoY overshadowed this minor victory. Vogt noted that promotional activities were relatively mild, which may have contributed to the lackluster performance.

Apple has failed to impress consumers ... But I think investors should hold off on buying the stock right now. Tesla recorded its first-ever decline in annual deliveries last year, and price ...

An Apple analyst sees the stock as a buy on valuation and strong ... This was a sharp increase from a 21% year-over-year decline in January 2025 for foreign-branded phone shipments in China.