Apple's Adaptability Is Being Underestimated: NYU's Damodaran
Aswath Damodaran, NYU Stern School of Business finance professor, says people are overestimating the long-term impact of tariffs on Apple. Apple's overall sales gained 5% to $95.4 billion, ahead of estimates, but sales from China declined 2.3% to $16 billion in the fiscal second quarter, missing analyst estimates.
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