"Wedbush analyst Daniel Ives wrote on Friday that Apple Inc.'s selloff, due to growing trade tensions with China, looks excessive," Emily Bary reports to MarketWatch.
We continue to strongly advocate that for a company that employs over 1 million Chinese workers with its flagship Foxconn factory and is an important strategic player in China's technology ecosystem … from a supply chain perspective Apple will not have major roadblocks ahead despite high sound. When we take a step back, we finally believe that Apple and its iPhones are unlikely to feel critical to tariffs given their strategic importance in their home country as well as [Chief Executive Tim] Cook's ability to navigate these issues earlier with Trump and K Street. ̵
Full article here.
MacDailyNews Take: Investors overreacting to Apple "worries?" Don't say so!
Buy low. Autumn dividends. Selling high.
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