Apple will take a $33 billion hit to its bottom line because of Trump tariffs

Investment bank Morgan Stanley has told investors that while Apple may have brought forward some iPhone 16 production ahead of Trump's new tariffs, there is little more it can do to mitigate a $33 billion cost increase it is about to incur.
Apple reportedly stepped up importing iPhones ahead of the tariff announcement
President Trump did not expect China to retaliate against his tariffs, and Morgan Stanley says its analysts didn't even contemplate tariffs being this high. But reportedly, Apple d