Apple shares should be in focus on Monday after the US announced the upcoming 'special rates' for importing smartphones | Einsmark news

US stock market: Apple Inc. Shares are in focus on Monday, April 14, after US trade secretary Howard Lutnick made clear that the country will soon impose a set of ‘special rates’ on all smartphone and computer imports in the Western country. Lutnick, in an interview with ABC News on Sunday, April 13, said products such as smartphones, laptops, hard drives, computer processors, memory chips and other electrical components will be included in a ‘special focus -type tariff’. The report also mentions that the US government will announce this new tariff in the coming period of one to two months. This step comes after US President Donald Trump announced on Friday, April 11, that the import of smartphones and laptops to the Western people would not be subject to the high “reciprocal rates” announced earlier this month on April 2, 2025. This step has the US market investors, who expected Trump’s announcement to de-wicked the continued trade between the United States and the other world nations. This move was also considered a break for companies such as Apple, producing their products in countries such as China and Vietnam. US markets will reopen on Monday, April 14, where investors will trade, which keeps this recent development in focus. Apple share price Apple Inc. Shares closed 4.06 percent higher at $ 198.15 after Friday’s US market session, compared to $ 190.42 during the previous stock market, according to the Nasdaq composite data. The iPhone manufacturer share price hit its 52-week peak at $ 260.10, while the 52-week was low level at $ 164.08, according to MarketWatch data. Apple shares have given more than 180 percent returns on their investment over the past five years and 14.74 percent in the past one year. However, in 2025, the share lost more than 18 percent on a year-on-date basis. After the stock market accident on Friday, April 4, Apple’s share has earned since April 8. In the last five Wall Street sessions, the equity returns of 12.30 percent have yielded investors. From Friday’s US market, Apple’s market cap (M-CAP) closes at $ 2,976 trillion. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions. First published: 13 Apr 2025, 23:07 IST