*By Michael Teich*
Apple may have avoided Trump's wrath in the latest [round of tariffs](https://cheddar.com/videos/china-retaliates-on-tariffs-markets-shrug) on Chinese goods, but the company is not out of the woods yet, said D.A. Davidson's senior equity research analyst Tom Forte.
There's a risk "if you see protectionist behavior from both sides ー the U.S. and China ー given that 20 percent of revenue for Apple comes from consumers in China," he said in an interview with Cheddar Tuesday. "There's still risks for Apple from a prolonged trade war."
That would only add to the issues Apple is already facing in China ー its smartphone sales are trending in the wrong direction in that country. The high price of its latest iPhone X contributed to a loss of market share, dragging it down to 6.7 percent in the latest quarter from 7.2 percent a year earlier.
That puts the company behind Chinese rivals Huawei ー which leads with 27.2 percent of the [market](https://www.idc.com/getdoc.jsp?containerId=prCHE44199418)ー OPPO, vivo, and Xiaomi.
Apple was largely spared from the latest round of tariffs levied by the Trump administration Monday ー the $200 billion worth of Chinese imports subject to the 10 percent tax do not include the Apple Watch or AirPods. And while China did quickly retaliate with its own round of $60 billion in tariffs, that country's all but exhausted its ammunition for further action, as almost all of the goods its imports from the U.S. have been affected.
Shares of Apple were up slightly Tuesday, though other companies that escaped deep impact were up more ー Fitbit, whose fitness trackers were also left out of the affected list, saw shares rise more than 6 percent, making it the biggest gainer in the Cheddar 50.
For full interview [click here](https://cheddar.com/videos/apple-dodges-bullet-in-u-s-china-trade-wars).
Open enrollment season is here and the stress of picking the right plan for you could sometimes get overwhelming. Rosalyn Glenn, financial advisor with Prudential, joined Cheddar News to discuss what to know and understand about selecting your benefits to cover your medical needs and conditions, if any.
Learning about money is a skill that should be learned at an early age. OneMain Financial is now offering a financial course called 'Credit Worthy' across several high schools across the country, along with some scholarships. Doug Shulman, CEO of OneMain Financial, joined Cheddar News to discuss the importance of learning and understanding credit. "Over half of high school students graduate without knowing the basics about credit," Schulman said. "It really helps establish a great foundation to being an independent adult, to have a healthy and happy life, and some financial security is part of that."
Mariah Carey is facing a second lawsuit claiming copyright infringement over her song, "All I Want For Christmas is You."
Apple posted better-than-expected results for the third quarter but continued to report soft revenue. Cheddar News breaks it all down.
Thousands of hospitality workers across 18 casinos in Las Vegas have announced they are set to strike if a new contract agreement is not reached by Friday, November 10.
Mariah Carey, the 'Queen of Christmas,' is teaming up with Victoria's Secret for a new holiday collection.
Stocks jumped Friday after a jobs report showed a higher slowdown in hiring, giving hope to an end in rate hikes.
A new study found greater productivity in companies with a higher gender balance.
Apple posted better-than-expected profit and revenue in the latest quarter but said sales dropped for the fourth straight quarter, including a drop in revenue for iPads and iMacs.
The Federal Trade Commission is accusing Amazon of using an algorithm to raise prices for some of its products, thereby causing other shopping sites to do the same.
Load More