"Apple has what is among the most complex supply chains that has ever been designed in human history, and it is not going to be able to completely change that supply chain anytime soon."
"He believes we have the labor, we have the workforce, we have the resources to do it."
"Our new bull case assumptions are effectively our prior base case assumptions." — Analyst Erik Woodring

"Who wears a Hawaiian shirt to an Armageddon?"

"While we don't quantify tariff impact, we believe there is uncertainty." — Analyst Brandon Nispel
"The reserves shipped at lower duty rates will insulate Apple’s U.S. operations for several months."
Read More Apple airlifts iPhones out of India to beat the tariffs
The Administration's plan is to replace an army of Asian screw turners with automated factories that American high-school graduates will service.
Read More 'Millions of human beings screwing in little screws to make iPhones'
In a downside scenario, where the recently announced tariffs remain in force for an extended period of time, we believe further negative EPS revisions could drive tech another leg down.
10 Comments