Trump Announces Additional Tariffs, White House Hints at Tariff Exemptions for Apple, Apple Options
Today's Above Avalon Daily email contains the following stories:
Trump Announces Additional Tariffs
White House Hints at Tariff Exemptions for Apple
Apple Options
Hello everyone. Given how some of you are new to Above Avalon membership (welcome), today is a good time to reiterate that this is not a politics newsletter. Accordingly, our focus is not going to be on the pros and cons of U.S. tariffs. Instead, we have plenty of items to discuss pertaining to how yesterday's big announcement involving reciprocal tariffs will impact Apple. The discussion will begin by going over what was announced. We will then turn to my latest thinking regarding Apple receiving tariff exemptions. The update will conclude with several options Apple has at its disposal if tariff exemptions do not materialize.
Become a member to continue reading today’s update. Already a member? Read the full update here.
An audio version of this update is available to members who have the podcast add-on attached to their membership.
Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive the Above Avalon Daily newsletter, widely-recognized as the leading daily newsletter dedicated to Apple. Now in its tenth year.
Archive Access. Access previous newsletters sent to members.
Member Forum Access. Access all channels in the Above Avalon forum in Discord.
Email Access. Receive timely responses from Neil to email inquiries.
Access to Add-ons. Customize a membership with the Podcast, Inside Orchard, and Financial Models add-ons.
Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource.
Tesla 1Q25 Delivery Figures, Cybertruck Sales Disclosed, The Big (Auto) Picture
Today's Above Avalon Daily email contains the following stories:
Tesla 1Q25 Delivery Figures
Cybertruck Sales Disclosed
The Big (Auto) Picture
The highly anticipated reciprocal tariffs news just dropped. We will dedicate tomorrow’s update to the topic. It’s been nearly a year to the day (April 3rd, 2024) since we last talked about Tesla at length in these updates. Since Apple disbanded Project Titan, my overall approach to the auto industry as it pertains to these updates hasn’t changed. It is good to keep abreast of what’s unfolding in the car industry as the market is too large for Apple to ignore. While the ingredients may not be ripe for Apple’s entry over the next few years, we can’t rule out the company having renewed interest down the road. There is then Apple’s CarPlay initiative as a current integration offering between first-party hardware and non-Apple hardware.
We will begin today’s discussion by going over Tesla’s latest deliveries report.
Become a member to continue reading today’s update. Already a member? Read the full update here.
An audio version of this update is available to members who have the podcast add-on attached to their membership.
Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive the Above Avalon Daily newsletter, widely-recognized as the leading daily newsletter dedicated to Apple. Now in its tenth year.
Archive Access. Access previous newsletters sent to members.
Member Forum Access. Access all channels in the Above Avalon forum in Discord.
Email Access. Receive timely responses from Neil to email inquiries.
Access to Add-ons. Customize a membership with the Podcast, Inside Orchard, and Financial Models add-ons.
Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource.
More on iPhone Tariffs and India, Tariff Engineering, Apple Fined for Protecting User Privacy
Today's Above Avalon Daily email contains the following stories:
More on iPhone Tariffs and India
Tariff Engineering
Apple Fined for Protecting User Privacy
Welcome to April. We are going to jump into today’s update with some follow-up to yesterday’s discussion. The update focuses on how iPhone production in India impacts Apple’s exposure to U.S. tariffs. We then turn to how Apple can pursue various tariff engineering mechanisms to avoid tariffs. The update concludes with more absurdity from European tech regulators.
Become a member to continue reading today’s update. Already a member? Read the full update here.
An audio version of this update is available to members who have the podcast add-on attached to their membership.
Member Privileges and Benefits
Become an Above Avalon member and receive the following privileges and benefits:
Exclusive Analysis. Receive the Above Avalon Daily newsletter, widely-recognized as the leading daily newsletter dedicated to Apple. Now in its tenth year.
Archive Access. Access previous newsletters sent to members.
Member Forum Access. Access all channels in the Above Avalon forum in Discord.
Email Access. Receive timely responses from Neil to email inquiries.
Access to Add-ons. Customize a membership with the Podcast, Inside Orchard, and Financial Models add-ons.
Above Avalon Support. Play an active role in supporting Above Avalon as an independent voice and resource.