Apple Falls on Trump Tariff Vow, Intuit Soars, Deckers Drops
May 23, 2025
Apple is under pressure as President Trump demands the iPhone be made in the U.S., threatening a hefty tariff if they don't comply. Meanwhile, Intuit is soaring after reporting impressive revenue growth, buoyed by the end of tax season. In contrast, Deckers is on the decline, struggling with weaker forecasts. The podcast dives into how these stock movements reflect bigger market trends, showcasing a dramatic landscape for key players in the industry.
02:55
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Apple Faces Tariff Threat
Apple faces increased risk from President Trump's 25% tariff threat if it doesn't manufacture iPhones in the US.
This pressure extends to all imported phones, including Samsung, highlighting trade tensions' impact on tech stocks.
insights INSIGHT
Intuit's Strong Revenue Growth
Intuit reported strong quarterly revenue and raised its full-year forecast, showing growth driven by premium service offerings.
The successful tax season results underline Intuit's resilience and market leadership in financial software.
question_answer ANECDOTE
Deckers' Uggs Cultural Roots
Uggs, owned by Deckers Outdoor, gained cultural prominence from early celebrity use, especially in Southern California.
The brands have a nostalgic connection to the 90s surfer and skier scenes, showing fashion's dynamic influence on brand popularity.
Get the Snipd Podcast app to discover more snips from this episode
- Apple (AAPL) shares are lower as the iPhone maker faces escalating pressure from President Donald Trump to do what many analysts insist would be nearly impossible: move production of its iconic iPhone to the US from overseas. Trump on Friday threatened Apple with a tariff of at least 25% if it doesn’t manufacture its flagship product line in the US, his starkest demand yet for the tech giant to commit to more domestic assembly. The warning came days after a Tuesday meeting between the president and Apple Chief Executive Officer Tim Cook at the White House, a US official said. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump said in a post on Truth Social on Friday. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.”
- Intuit (INTU) ripped higher on after the company posted strong revenue growth following the end of the US tax season, suggesting the financial software company is finding success offering users more expensive services. Fiscal third-quarter revenue increased 15% to $7.8 billion, the company said Thursday in a statement. Analysts, on average, estimated $7.6 billion, according to data compiled by Bloomberg. The period that ended April 30 — including tax season — is the most critical for the maker of TurboTax and other finance software. Profit, excluding some items, was $11.65 a share, compared with analysts’ average projection of $10.96.
- Deckers Outdoor (DECK) shares tumbled as much as 24%, the most intraday since March 2020, after the owner of Hoka running shoes and Ugg boots provided a disappointing fiscal first-quarter forecast. The company also declined to provide full-year guidance due to the current macro uncertainty.
Stock Movers