Apple Losing Safe Haven Appeal

The turbulent period in the US markets has also affected confidence in Apple. Analysts have pointed out that the company’s shares may be expensive compared to its competitors. Views on Apple’s safe haven potential in previous years have started to change. It was noted that global trade uncertainties, mutual tariff applications between the US and China, and failed attempts in artificial intelligence are effective in this situation. Analysts stated that despite the slowdown in Apple’s revenue growth, the company trades at a premium compared to rival technology companies. An analysis on Bloomberg suggested that Apple’s shares are expensive and no catalyst for growth is seen. However, the company’s future could be more positive than Tesla’s. Apple shares have fallen by 13% since the beginning of the year. It was mentioned that in the past year, shares were up 27%. Particularly, attention was drawn to the adverse impact of President Trump’s 20% tariff on China on the company’s production. If the additional tariff continues throughout the year, it was calculated that Apple’s sales will face a 1-2% blow.