if China bans its products in retaliation to trade tensions. The iPhone maker's share price plunged more than 2% during the trading day."Worse, Apple's supply chain is deeply embedded in China, and Goldman says they can't move their production any time soon," Cramer said. "So if the Communist Party does anything to limit iPhone production ... the consequences could be serious, especially with the next iteration set to come out this fall.
There was no secret that Apple had high exposure to China, but Goldman Sachs' analysis was unexpected, Cramer said. Apple has yet to reveal how tariffs have impacted business, he continued. The company's ecosystem employs millions in China, so it would make more sense for the country to go after firms that make products in America, he said.
"But if President Trump keeps blacklisting Chinese technology companies ... they might feel compelled to go after Apple," Cramer said. "I still believe you should own Apple. I'm not trading it."NEW YORK, NY - NOVEMBER 13: Traders work on the floor of the New York Stock Exchange on November 13, 2018 a day after the Dow Jones Industrial Average fell by 600 points on concerns about profits in tech companies and consequences of a growing trade war.
Not hating on Apple, but. . . Apple made its own bed in China. Apple made a lot of money off assembling in China. I guess it turned out to be a bad business decision to put all is fortunes in China. America got expensive devices; American workers got little. Apple's error.
❗️ Fight bears or not ? Global bears surely need trade war.
lol, apple about to capitulate on some china news
Better move your manufacturing plants out of Chinner pretty dam quickly. I believe cook was warned by Trump but thought The President wasn't going to be around very long.
Now, Govs VS Companies? Obviously, retaliation will happen one way or the other.
Whatever
Owning stock is soon going to get rocky so hold on, lol! The market always correct itself.
Preset a stop level you’re comfortable with, using moving avg crossovers may help. Don’t be a bag holder
Dump Apple NOW !! It's only going to get worse .
jimcramer, no balls? change 'could' to 'will'
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