18.05.2020 Apple Daily Analysis

18.05.2020 Apple Daily Analysis

Apple is trading at $307.71 today, it is trading low with $1.83 mainly because Taiwan Semiconductor Manufacturing Co which has been working behind the scenes to make customers like Apple Inc and Qualcomm has landed squarely in the middle of the US-China trade war an incalculably valuable asset that both sides are vying to control. The Trump administration opened up a new front in the conflict on Friday by barring any chipmaker using American equipment from supplying China’s Huawei Technologies Co. without US government approval. That means TSMC and rivals will have to cut off Huawei unless they get waivers from the US Commerce Dept, this however affected the Apple shares as well. However, on the other hand, Apple this week will reopen more than 25 of its branded stores in the United States, the company said on Sunday, continuing a gradual process that has unlocked doors at nearly a fifth of its worldwide retail outlets. Deirdre O'Brien, Apple's head of retail, wrote on Sunday in a note on the company's website "Our commitment is to reopen our stores when we are confident the environment is safe, the stores will impose social-distancing rules, limit occupancy and some will offer only curbside or storefront service ". Last week, Apple reopened its first five stores in the United States, requiring customers and employees to undergo temperature checks and wear masks before entering the premises.