Neil Cybart 4/7/25 Neil Cybart 4/7/25

Apple and Tariffs (Part 1)

Hello everyone. We are going to take advantage of this daily newsletter’s format when it comes to analyzing Apple and tariffs. There will be a discussion that stretches across several updates. Today’s update will be “Part 1.”

My goal is to cover pretty much every nook and cranny that should be covered when it comes to Apple and tariffs. There is a lot of noise in terms of publications and people focusing on the wrong things. Accordingly, our discussion may have different focus areas compared to prevailing analysis circulating on social media.

For today’s discussion, we are going to start a bit big picture by laying out the situation. In the coming days, there will opportunity for us to go deeper on some points.

Let’s jump in.

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Neil Cybart 4/3/25 Neil Cybart 4/3/25

Trump Announces Additional Tariffs, White House Hints at Tariff Exemptions for Apple, Apple Options

Today's Above Avalon Daily email contains the following stories:

Trump Announces Additional Tariffs
White House Hints at Tariff Exemptions for Apple
Apple Options

Hello everyone. Given how some of you are new to Above Avalon membership (welcome), today is a good time to reiterate that this is not a politics newsletter. Accordingly, our focus is not going to be on the pros and cons of U.S. tariffs. Instead, we have plenty of items to discuss pertaining to how yesterday's big announcement involving reciprocal tariffs will impact Apple. The discussion will begin by going over what was announced. We will then turn to my latest thinking regarding Apple receiving tariff exemptions. The update will conclude with several options Apple has at its disposal if tariff exemptions do not materialize.