A Romney win would hurt Apple very badly – Nigam Arora

“A Romney win would hurt Apple and General Motors very badly,” Nigam Arora writes for Forbes.

“Both of these companies are highly dependent on China for their growth,” Arora writes. “Romney has repeatedly stated that he will declare China a currency manipulator on his first day in office. Such a declaration would likely lead to a trade war.”

Arora writes, “Chinese consumers are nationalistic... Apple will find itself in a much worse position than General Motors. Apple will be hit with a double whammy, falling sales and falling margins... In my analysis, a trade war would result in Apple stock falling under $400.”

Read more in the full article here.

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