Jim Cramer Calls Market Decline ‘Man-Made’ and Breaks Down 15 Stocks

7. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 166

Jim Cramer admitted he was puzzled by Apple Inc. (NASDAQ:AAPL)’s position during the ongoing tariff war. He expressed concern over rising costs from overseas manufacturing and questioned whether the company or its partners would absorb the financial impact.

“Boy I don’t know… These tariffs are going to be a killer. According to an analysis at the Wall Street Journal, Trump’s tariffs will take the cost of an iPhone 16 Pro from 550 to around 850, and that’s not counting the new tariffs he threatened to unleash on China today. I think the real costs are lower because of Apple’s manufacturing shift to India, but even if it only goes up by half that amount, it’s still a huge increase, although hopefully the companies will eat a chunk of it. […]

Will Apple be able to pass that additional cost onto customers and make its products even more expensive, or will it eat the cost crushing its margins? That’s a lose-lose scenario. Right now Apple’s caught in a crossfire of a trade war between the US and China, which is not a good place to be. It’s probably the toughest one to really figure out what to do with.”

Jim Cramer recently discussed Apple Inc. (NASDAQ:AAPL)’s future in regards to its manufacturing and the uncertainty around tariffs. Here’s his recent input:

“[talking about bringing production back to the U.S.] And I think for the point of view of our viewers, they have to understand that Apple is the paradigm of what Navarro is trying to fix. They bring it back here, they are fine. If they don’t; look out. They are not going to be able to make their numbers.”