The tech giant just reported stronger-than-expected earnings for the fourth quarter, but its stock is up only slightly.
That's because investors are still haunted by the U.S.-China trade war that took a big bite of Apple's sales earlier this year.
That's because of a report on Thursday revealed China is doubtful about reaching a comprehensive long-term trade deal with the U.S., a notion that could raise supply costs for Apple and derail rebounding sales of the iPhone in the emerging market. The iPhone maker has been among the companies Wall Street believes most vulnerable in a full blown trade war. A previous HSBC estimate showed Apple has about 20% revenue exposure to China.
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