Apple Stock Surges 6.35% in Two Days as Trading Volume Hits Third Highest in Market

On April 14, 2025, Apple (AAPL) saw a 2.21% increase in its stock price, marking two consecutive days of gains and a total increase of 6.35% over the past two days. The trading volume for Apple reached 208.04 billion, making it the third highest in the market that day.

Apple's stock rose on news that smartphones, laptops, and other electronics had received a temporary exemption from U.S. reciprocal tariffs. The White House announced that various electronic products, including smartphones, PCs, servers, and flat-panel displays, would be exempt from the 125% reciprocal tariff on Chinese goods and a 10% baseline levy on imports from other countries. However, these products still face a 20% tariff on Chinese goods imposed earlier in the year.

Commerce Secretary Howard Lutnick and President Donald Trump both emphasized that the exemption is temporary. Analysts from KeyBanc Capital Markets and JPMorgan noted that while the exemption provides some relief, Apple still faces risks from potential tariff resumptions and macroeconomic slowdowns. Additionally, not all Apple products are exempt from the stepped-up tariffs, with iPhones, Macs, and iPads being exempt while AirPods and Apple Watch are not.

Needham analyst Laura Martin highlighted that over 80% of Apple's products are manufactured in China, making the company vulnerable to tariff changes. She expects Apple to diversify its manufacturing out of China over the next 3-5 years to reduce its dependence on a single economy. Mizuho Securities trading-desk analyst Jordan Klein described the Trump administration's tariff rollback as a "flip-flop," noting the frequent changes make it difficult for companies to plan and for investors to decide which stocks to buy and sell.