The world’s most valuable company got more valuable this week, as Apple stock hit a record high.
There is no question Apple would not have been able to flourish in Trump’s trade war environment were it not for Tim Cook’s immersive approach to Chinese diplomacy. Risks are now growing for APPL as Senator Ted Cruz leads criticism over Cook’s decision to delete an app in Hong Kong, and backlash grows over the CEO’s new role as a chairman at Tsinghua University.
Tim Cook Has Apple Stock Surging With Diplomatic Approach To China
Many investors were worried how Apple’s stock would perform in the Trump era, given it’s exposure to China. Closing at a record $240.51 on Monday, things are looking rosy for APPL as the company has been on the receiving end of several analyst upgrades thanks to the success of its new iPhone 11. Behind the scenes CEO Tim Cook has been providing essential air support to his troops, as the Apple boss has ensured that he has kept the tech giant in Xi Jinping’s good books.
Apple stock has surged to record highs thanks in part to Tim Cook’s diplomatic efforts in China, but a growing backlash in the U.S. could pose a threat to APPL. Source-Yahoo Finance
CNBC’s Cramer and Brown Love Apple’s Trade War Approach
CNBC Mad Money host Jim Cramer has been singing Cook’s praises on his show, claiming that the CEO has been on the “front lines” of Trump’s trade war. For Cramer, this is a definite factor that has helped Apple’s stock flourish despite extremely testing times for global trade.
In addition to Cramer’s positive take on Apple’s current approach to China relations,