Apple Soars After Tariff Exemptions—And iPhones May Not Get More Expensive After All
1. Apple shares spiked due to tariff exemptions on smartphone imports. 2. Stock price rose nearly 5%, adding $140 billion in market cap. 3. Projected tariff impact reduced from 29% to 5%, according to UBS. 4. iPhone prices likely stable in near-term, easing consumer concerns. 5. Continued uncertainty may hinder long-term stock recovery potential.