Apple (AAPL) stock was one of the heaviest-hit magnificent seven stocks from Trump’s tariffs in the past week. In the last five days. AAPL shares are down 18%, as the iPhone maker was hit especially hard by the tariffs on China.

Apple has a big manufacturing presence in China, which was hit with a 34% import tax. This is the likely reason why it has seen the biggest fall-off among the Mag-7 companies. On Monday, Trump threatened a further 50% tariff on China after the latter imposed retaliatory tariffs on the US.

Amid all the back-and-forth on tariff threats, investing experts are becoming more worried about Apple’s stock future. AAPL shares are trading near 1-year lows, and investors worry that those lows will be breached soon. Wedbush analyst Ives said that as a U.S. tech company, Apple has the biggest exposure to American tariffs on Chinese goods, as most iPhones are assembled in China. Thus, it may continue to be hit the hardest out of the other mag-7 stock members.

Apple (AAPL) Price Forecast Slashed by $75

Furthermore, Ives kept his outperform rating on Apple stock but cut his 12-month price target to 250 from 325. The revised forecast contributed to Apple (AAPL) shares falling further Monday and investors panic selling the stock. “The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,” Ives said in a client note Sunday.

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Apple had secured exemptions to U.S. tariffs on China during Trump’s first term, but analysts are unsure if it can secure waivers this time despite announcing $500 billion in U.S. investments over the next four years. Apple stock currently sits around $180, but at its current rate over the last month, AAPL could fall even further, perhaps to as low as $150, which would be its lowest value since January 2023.

AAPL is trading near the bottom of its 52-week range and below its 200-day simple moving average. Currently, analysts suggest that Apple stock’s next resistance level to drop below is $172. Out of 50 analysts surveyed, only 62% suggest buying AAPL stock now. 26% of those surveyed say they would hold onto their shares, and the remaining 12% suggest selling.