Heard on the Street: Tariff delay will help this year’s iPhone crop, but Wall Street is far more focused on Apple's 5G devices next year
By Dan Gallagher Aug. 13, 2019 1:09 pm ET Tariffs won’t hamper the launch of this year’s new iPhones after all. Next year’s far more important phone launch may be another story, however.
Apple’s share price had fallen 6% since President Trump first announced the tariffs on Aug. 1—double the drop of the S&P 500 in that time. The stock was up nearly 4% midday Tuesday.
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