11 AI News and Ratings You Should Not Miss

4. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 184 

Apple Inc. (NASDAQ:AAPL) is a consumer electronics firm. Investment advisory Bernstein on November 5 released an investor note in which it warned that Apple and other US-based hardware manufacturers could face earnings impacts if Donald Trump, who recently won the US Presidential election, decides to go ahead with a plan to impose high tariffs on goods coming into the US from China. Some analysts believe that goods from China might be taxed as high as 60% and the move could be forced through without Congressional approval. Bernstein analyst Toni Sacconaghi noted that should Apple absorb the tariffs without increasing prices, the effect on gross profits might be an estimated 13%, lowering earnings per share by $1.44, or 19%. Should volumes remain steady, the impact on gross profits may be assessed at 13%. Sacconaghi cautioned that if China or another country levies retaliatory tariffs on American companies, the consequences could be more severe.