Overview

• Apple's stock has dropped 23% over four trading sessions, reducing its market cap to $2.59 trillion, while Microsoft's valuation stands at $2.64 trillion.
• The decline follows U.S. President Donald Trump's announcement of a 34% tariff increase on Chinese imports and China's reciprocal measures.
• Apple's reliance on China, where approximately 90% of its products are manufactured, has made it particularly susceptible to the tariff impacts.
• Microsoft, less exposed to global manufacturing disruptions, has regained its position as the world's most valuable public company.
• The tariff escalation has intensified broader market volatility, with the Nasdaq falling 13% in the past four trading days.