Apple shares plummeted after President Trump threatened 25% tariffs on iPhones not manufactured in the US. This adds to Apple's existing 22% year-to-date loss, underperforming its tech peers. The stock has seen eight consecutive closing lows, approaching key support levels around $193 and $169. Resistance levels are anticipated near $215 and $237. Trump's threat is linked to preventing Apple from expanding iPhone production in India.

Prepared by Christopher Adams and reviewed by editorial team.