Apple stock slips early as tariff jitters weigh on tech; analysts point to iPhone demand
Apple shares fell 1.1% to $255.53 in early Tuesday trading as tariff concerns and higher component costs weighed on hardware stocks. Morgan Stanley downgraded the sector, while Evercore ISI and Citi cited strong iPhone 17 demand ahead of Apple’s Jan. 29 earnings. Investors focused on margin risks from rising memory prices. Dell, HP, and HPE also declined.