Apple Is At The Mercy Of The US-China Trade War

Back in January Apple warned investors that its revenue in the fourth quarter of 2018 would be lower than expected, blaming the US-China trade war for disappointing iPhone sales.

Apple suffered its biggest single-day loss in 6 years and the stock closed the day at its lowest price level since July 2017 after cutting revenue guidance.  At that time, shares of Apple have fallen from a high of $234 at to sub-$150, a 37% decline.

Fast forward several months and Apple was once again valued at $1 trillion after the company’s better-than-expected earnings report that exceeded Wall Street’s expectations on both the

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