New York, USA (CNN) – Apple’s stock fell nearly 9% on Thursday morning, wiping out over $293 billion in market value after President Donald Trump announced steep tariffs.
Other tech giants also saw sharp declines: Microsoft dropped 3%, Meta 8%, Amazon 9%, Google 4%, and Tesla 7%. If Apple closes at this level, it would mark its worst single-day drop since the COVID-19 crash in March 2020.
With slowing iPhone sales, Apple could be hit harder by tariffs than its competitors.
