It Will Cost 50% More to Make iPhones Thanks to New China Tariffs. How Should You Play Apple Stock Here?

Apple (AAPL) shares could find it incrementally more difficult to recover now that the U.S. has further raised tariffs on Chinese imports to 104%, according to KeyBanc analyst Brandon Nispel. 

Apple still assembles most of its iPhones in China. In fact, its key manufacturing partner, Foxconn, has the largest factory in Zhengzhou, which alone makes more than half a million iPhones per day.