Apple’s Tariff Troubles Could be a Watershed Moment for the Future of the Magnificent Seven

There’s a case to be made that Apple (NASDAQ: AAPL) is the most innovative of Wall Street’s famed Magnificent Seven stocks. Today, the firm that transformed how the world communicates is facing a fight for survival as tariff uncertainty threatens production.

The iPhone is at the heart of Apple’s business model. With more than 220 million handsets sold per year, and a rate of nine in 10 manufactured in China, the iPhone thrives on a complex supply chain with Asia playing an essential role.

As a fiery trade war raged between the United States and China that saw tariffs reach up to 145% at its worst, there were fears among many electrical firms that disruption could unsettle long-standing operational models.

While Apple had been granted an exemption for smartphones, computers, and other electronics from President Donald Trump’s tariffs, the reprieve ...