AAPL: Wedbush cuts target price to 250 from 325 "Trump’s tariffs are a disaster for Apple due to its heavy China exposure, with 90% of iPhones made there. Unlike Covid disruptions, this isn’t a temporary issue — the 54% China and 32% Taiwan tariffs would crush Apple’s costs and hurt demand. We still stay bullish long-term, with Services and strong cash flow supporting a 250 base case. Bear case: 160. Bull case (if tariffs are lifted): 325."