Wall Street is anxious to hear Apple CEO Tim Cooks first public comments on tariffs
Summary
The most anticipated part of Apples Thursday earnings wont be iPhone sales or Mac forecasts – itll be CEO Tim Cooks comments on how the company is dealing with President Donald Trumps tariffs. "Its how Apple responds to everything else that will set the tone for post-earnings sentiment," wrote Morgan Stanley analyst Erik Woodring in a Monday note. Apple hasnt commented on the hefty tariffs Trump announced for every country in the world on April 2, but they represent a deep threat to the iPhone makers supply chain and sent the companys share price down 9%. Its the most valuable U.S. company, hundreds of millions of Americans own iPhones and Cook built his reputation in Silicon Valley as an operations expert who keeps Apples inventory low and its logistics tight. I helped Tim Cook, recently, and that whole business," Trump said in an oval office briefing earlier this month after he delayed the highest-tariffs on non-China nations for 90 days.