• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
TechApple

Apple’s Terrible Week Is Dominated by China, Tariffs, and Intel

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
May 18, 2019, 9:30 AM ET
Add Fortune on Google for similar content.

In reviewing Apple’s past week, it’s extremely difficult—if not impossible—to find good news.

The week started with China saying that it would impose $60 billion in new tariffs on a variety of goods, including the batteries that Apple uses in its iPhones. That alone could increase Apple’s manufacturing costs and push it to raise its iPhone prices. The same day, the U.S. Supreme Court hit Apple with an unfavorable ruling that consumers and app developers could sue the company for “alleged monopolization” for allowing only one marketplace for iOS apps—its own.

Not surprisingly, Apple’s shares tumbled. But that wasn’t all.

This is Fortune’s latest roundup of the biggest Apple news. Here’s last week’s roundup.

A report this week from researcher Consumer Intelligence Research Partners (CIRP) said Apple’s iPhone market share in the U.S. has plateaued. And after Intel announced a security flaw in its processors that impact Macs, it was clear Apple really, really needed to get to the weekend.

Here’s a rundown of Apple’s biggest headlines this week:

  1. In response to the Trump administration last week announcing $200 billion in new tariffs on Chinese imports, China this week announced $60 billion in tariffs on a variety of products, including the batteries Apple uses in its iPhones. In a note to investors this week, Wedbush analyst Daniel Ives said that the new tariffs, which take effect on June 1, would increase Apple’s iPhone manufacturing cost by up to 3%. If Apple passes that cost to consumers, it could increase its iPhone XS price from $999 to $1,029, according to Ives. The Trump administration is also considering $325 billion in new tariffs on products that could include iPhones imported from China. If that plan is enacted, iPhones would cost an additional $120 to produce, Ives said.
  2. In a 5-4 decision on Monday, the U.S. Supreme Court said that consumers and app developers could sue Apple for “alleged monopolization” related to its App Store policies. Morgan Stanley analyst Katy Huberty said that the Supreme Court’s decision could end in several outcomes. It’s possible, she said, Apple will beat any future lawsuits and not need to change its App Store policies. The company could also lose a lawsuit and fork over monetary damages to make it go away. In a “worst-case scenario,” Apple would be forced to allow third-party app marketplaces in iOS. Apple hasn’t commented on the Supreme Court’s decision.
  3. Apple’s stock price fell 6% on Monday following the one-two punch from China’s tariffs and the Supreme Court’s decision. Its shares rebounded slightly, but they started the week at around $198. They’re now trading at $190.
  4. CIRP this week said in a report that there are now 193 million iPhones being used across the U.S. While that’s up from fewer than 180 million at the same period last year, CIRP cautioned that the figure’s growth is just 2% quarter over quarter and 12% year over year, according to Apple-tracking site 9to5Mac. In 2018, Apple’s growth rate stood at 4% quarter over quarter and 19% year over year. The research said iPhone use in the U.S. “continues to plateau.”
  5. Security researchers this week announced a new Intel processor vulnerability called ZombieLoad. By exploiting flaws in Intel chips, hackers can steal sensitive data and access information from operating system, virtual machines running in the cloud, and more. The issue affects Windows computers running Intel chips, as well as Macs that run Intel chips dating back to 2011. Apple quickly patched the flaw in a macOS update, but also released a support document informing users about the flaw and providing instructions on how to boost Mac performance.
  6. This week, we released the 65th Fortune 500 list. Apple was third in this year’s rankings behind Walmart and Exxon Mobil. Berkshire Hathaway was fourth and Amazon was five.

One more thing…Apple this week celebrated Global Accessibility Awareness Day to highlight how technology can be “most powerful when it empowers everyone.” My Fortune colleague Lisa Marie Segarra listed five iPhone accessibility features that make using the device easier.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

geoff
AIBook Excerpt
I interviewed the ‘Godfather of AI’ in 1983 and didn’t grasp the power of his approach to AI. Did he?
By Robert WrightJune 24, 2026
11 minutes ago
The founding team at Seltz, a startup trying to reinvent web search for AI agents, pose for a group photo with San Francisco's Golden Gate Bridge in the background.
Startups & VentureVenture Capital
Exclusive: Seltz, a startup rebuilding web search for AI agents, raises $12.5 million in seed funding
By Jeremy KahnJune 24, 2026
41 minutes ago
Sarah Youngwood, EVP and CFO at Nasdaq.
C-SuiteFinance
Inside Nasdaq CFO Sarah Youngwood’s AI playbook
By Sheryl EstradaJune 24, 2026
1 hour ago
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
NewslettersTerm Sheet
As mega-funds grab 72% of all capital raised, the gap between VC’s haves and have-nots keeps widening
By Allie GarfinkleJune 24, 2026
2 hours ago
You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’
EconomyMarkets
You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’
By Jim EdwardsJune 24, 2026
2 hours ago
Tencent COO and interactive entertainment group president Ren Yuxin on July 9, 2020 in Shanghai, China. (Photo: Wu Jun/VCG/Getty Images)
NewslettersFortune Tech
Tencent winds down its Japanese game studio investments
By Andrew NuscaJune 24, 2026
2 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
23 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
1 day ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
23 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.