特朗普欲对非美iPhone征25%关税，分析师很淡定：对苹果利润增量影响不大_老虎社区_美港股上老虎

特朗普欲对非美iPhone征25%关税，分析师很淡定：对苹果利润增量影响不大

智通财经2025-05-26

智通财经APP获悉，美国总统特朗普上周五表示，将对非美国制造的iPhone征收至少25%的关税，苹果(AAPL.US)股价应声下跌3%。但华尔街分析师认为，特朗普此次关税威胁对苹果利润的增量影响不大。瑞银予苹果“中性”评级，目标价为210美元。瑞银表示，考虑到当前的关税背景，特朗普威胁对非美国制造的iPhone征收25%关税的增量影响相对较小。另一方面，这一威胁加剧市场不确定性，可能会给苹果的估值...

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href=http://www.zhitongcaijing.com/content/detail/1297487.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，美国总统特朗普上周五表示，将对非美国制造的iPhone征收至少25%的关税，苹果(AAPL.US)股价应声下跌3%。但华尔街分析师认为，特朗普此次关税威胁对苹果利润的增量影响不大。瑞银予苹果“中性”评级，目标价为210美元。瑞银表示，考虑到当前的关税背景，特朗普威胁对非美国制造的iPhone征收25%关税的增量影响相对较小。另一方面，这一威胁加剧市场不确定性，可能会给苹果的估值...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1297487.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065170008.USD","symbol_name":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) 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Disruptive Opportunities A2 Acc SGD-H"},"translate_title":"Trump wants to impose a 25% tariff on non-US iPhones, but analysts are calm: it will have little impact on Apple's profit increase","themeId":"3069766e99a2c7107b76f094b11e29fc","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/24a570a042f2cf80da4e8fd8598d978f","symbols_score_info":{"AAPL":1,"MACW.SI":0.6},"content_text":"智通财经APP获悉，美国总统特朗普上周五表示，将对非美国制造的iPhone征收至少25%的关税，苹果(AAPL.US)股价应声下跌3%。但华尔街分析师认为，特朗普此次关税威胁对苹果利润的增量影响不大。瑞银予苹果“中性”评级，目标价为210美元。瑞银表示，考虑到当前的关税背景，特朗普威胁对非美国制造的iPhone征收25%关税的增量影响相对较小。另一方面，这一威胁加剧市场不确定性，可能会给苹果的估值带来压力。考虑到已宣布的智能手机关税豁免，瑞银之前估计，美国对中国组装的智能手机征收20%的关税并对印度组装的智能手机征收10%的关税，这对苹果每股收益的影响可能约为0.34美元，或对2026财年每股收益预估7.49美元产生5%的不利影响。如果对每年从中国和印度进口到美国的7000万部iPhone征收25%的全面关税，瑞银估计对苹果每股收益的不利影响可能为0.51美元，较此前预估的0.34美元略有恶化。高盛予苹果“买入”评级，目标价为253美元。高盛表示，美国对苹果主要组装国的对等关税(不含当前关税豁免)已超 25%，因此特朗普最近的关税威胁与当前贸易政策相符，包括对中国商品征收34%关税(自5月14日起生效，但90天豁免期至8月12日)，对印度商品征收26%关税(豁免期至7月9日)，对越南商品征收 46%关税(豁免期至7月9日)。高盛表示，特朗普最近的关税威胁可能表明，与投资者的预期相比，智能手机获得关税豁免的可能性降低。不过，高盛仍予苹果“买入”评级，该行认为市场关注的是产品收入增长放缓，这掩盖了苹果生态系统的强大优势以及相关收入的持久性和可见性。苹果的用户安装量增长、服务业务的长期增长以及新产品创新，将足以抵消产品收入的周期性不利因素，例如因更换周期延长导致的iPhone销量减少。相对于苹果的历史市盈率，以及与主要科技同行相比，苹果目前的估值都很有吸引力。","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"policyRegulatory","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}