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

Trendingnow

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
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

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

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

AI poised to tilt job market leverage toward older workers
AIHiring
AI poised to tilt job market leverage toward older workers
By Victor Swezey and BloombergMay 16, 2026
7 hours ago
SpaceX heads into a record-shattering IPO with the ‘deepest moat that exists today’ as investors vow to ‘never bet against Elon’
InnovationIPOs
SpaceX heads into a record-shattering IPO with the ‘deepest moat that exists today’ as investors vow to ‘never bet against Elon’
By Jason MaMay 16, 2026
14 hours ago
tarot
AICulture
We talked to 12 tarot card readers who are using AI. They split in 2 camps, with big implications for the technology
By Ziv Epstein, Farnaz Jahanbakhsh, Vana Goblot and The ConversationMay 16, 2026
15 hours ago
liberman
Commentarystart-ups
We watched social media concentrate. The same thing is happening in AI, only at a deeper layer
By David Liberman and Daniil LibermanMay 16, 2026
17 hours ago
mustafa suleyman
AIMicrosoft
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
18 hours ago
olivier
CommentaryAnthropic
I’ve been studying Big Tech for a long time. What just happened with Anthropic and the Pentagon terrifies me
By Olivier SylvainMay 16, 2026
18 hours ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
18 hours ago
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
Politics
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
8 hours ago
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Future of Work
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
By Jake AngeloMay 16, 2026
22 hours ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
4 days ago
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
Future of Work
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
By Jacqueline MunisMay 16, 2026
18 hours 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.