Apple Faces Tariff Threats, Possible Price Hikes for iPhones

Apple's stock has dropped 23% over four sessions, losing its title as the most valuable US firm to Microsoft. The company's China-heavy supply chain is under threat due to a tariff standoff, with some analysts predicting iPhone prices could soar to $3,500. Apple is considering shifting more production to India to avoid tariffs, but its earnings could fall by at least 28% if the dispute continues. China has retaliated with its own tariffs and warned of further action.