06.03.2020 Apple Daily Analysis

06.03.2020 Apple Daily Analysis

  It went down with 9.82 us dollars to 292.92 us dollars from 302.74 us dollars. Trump said he is going to increase tariffs on every export product produced in China. This, therefore, affects the supply and demand for Apple devices since most of its manufacturing companies are in China. More so,  tech companies are closing due to the increase of coronavirus cases in South Korea.  These are some of the companies that provide cameras and LCD for Apple and LG. Due to this reason Apple stock went down because the closing of companies means slow manufacturing production. Apple also announces that it's removing all coronavirus apps because they are giving out wrong information. They said that they are only going to leave any information concerning coronavirus to WHO.