Apple products under pricing pressure as new 15% tariffs drop Sunday

A new 15% tariff on Chinese imports will go in effect just after midnight Sunday, placing levies on hundreds of household goods and consumer tech, including a bevy of Apple  products. The tariffs, put in place by President Donald Trump as part of an escalating tit-for-tat trade war with China, were entered into the Federal Register on Friday. Apple, the largest U.S. technology company by market cap, has its products assembled in China by Foxconn and then ships them to consumers all over the world. The Apple Airpods, Apple Watch and accompanying Apple Watch…

Read More

Samsung Electronics Braces for Profit Drop as China Slowdown Chips Away at Demand

Samsung Electronics Co is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China, a key market for the South Korean tech giant, erodes demand for its products. Bleak results from the world’s top maker of semiconductors and smartphones would add to worries for investors, already on edge after Samsung’s biggest rival Apple this week took the rare step of cutting its sales forecast on slowing iPhone demand in China. Samsung, due to publish preliminary fourth-quarter results on January 8, is expected to…

Read More