Apple falls after Trump says 25% tariffs on iPhones not made in US

Shares of iPhone maker Apple AAPL.O fall 3% to $195.45

Apple must pay 25% tariffs if phones sold in the U.S. are not made in the country - President Donald Trump, in a post on his social media platform, Truth Social

Apple is positioning India as an alternative manufacturing base, amid tariffs on China, which have raised supply chain concerns and fears of higher iPhone prices, Reuters reported last month

Tariffs will also apply to Samsung 005930.KS and other smartphone makers - Trump

Analysts' average rating on the stock is "buy"; their PT is $235, according to data compiled by LSEG

AAPL down ~19.5% YTD