iPhone maker Apple (AAPL) continues to enjoy its multi-year bull run, with the stock currently trading just shy of its all-time with a market cap approaching $925 billion. Concerns over easing iPhone demand were somewhat erased with the company’s strong quarterly report at the start of May, but a trade war with China could have a very negative impact on the company’s future. The reason being that Apple is so large, and has such large operations in China that it would be an easy target for the Chinese government should it decide to send a message to the U.S. However, it is very possible that Apple employees just too many Chinese citizens to make it a viable target of the Chinese government, and since it is based in California, a state that President Trump does not rely on anyway for its electoral votes, China may not see the advantage is making any aggressive moves against the company. All the same, Apple gets around a third of its sales in China, so any hint of potential trade war could damage the company’s stock. AAPL trades at $188.05 with an average price target of $195.17.
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