Apple hits 8-mth low as analysts warn Trump's tariffs to squeeze profits

Shares of iPhone maker Apple AAPL.O slump as much as 9.51% to $202.6, its lowest since August, after U.S. President Donald Trump's sweeping tariffs

Stock set for worst day since September 2020, if losses hold

Rosenblatt Securities says AAPL could face $39.5 billion in tariff costs, potentially reducing profits by 32% on annualized basis

Co needs 40% price hike on devices to offset tariff cost, which may give Samsung 005930.KS competitive edge - Rosenblatt

BofA Global Research cuts PO to $250 from $265, and estimates Apple' EPS could be squeezed by $1.24 in 2026 if it absorbs cost impact of tariff

Jefferies expects $500 billion U.S. investment may help secure exemptions; AAPL was exempted in 2018 during Trump's first administration

Currently, 85% of iPhones are assembled in China, and ~15% in India, while ~33% of global iPhone sales are to the U.S. (76 million), Jefferies estimates

Up to last close, AAPL had fallen 10.5% YTD