<p><strong>苹果</strong>(AAPL -0.17%) 的股价上周大幅上涨，此前该公司宣布将额外投资 1000 亿美元以扩大其在美国的制造能力。该股似乎还受到特朗普总统的评论的提振，他暗示苹果将免于他威胁对进口半导体和芯片征收的关税。</p>
<p>即使在上周的反弹中，截至 8 月 13 日，该股今年仍下跌约 7%。在蒂姆·库克的白宫访问中是否有任何信息可以帮助股价弥补失去的地盘？以下是苹果这一周的三大要点。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg1NjAvZ2V0dHlpbWFnZXMtMTQ4OTEyMjI0Mi5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="525" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg1NjAvZ2V0dHlpbWFnZXMtMTQ4OTEyMjI0Mi5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images</p>
<h2>1. 苹果降低了一些关税风险</h2>
<p>通过最新的 1000 亿美元承诺，苹果已公开承诺投资 6000 亿美元以扩大其在美国的制造和供应链布局。该计划包括其新宣布的美国制造计划，预计将在未来四年内推出。但看起来它已经开始见效。</p>
<p>在库克 8 月 6 日访问椭圆形办公室期间，特朗普重申了他对征收关税的威胁，这将使进口半导体和芯片的价格翻倍，而这些是智能手机和现代电子产品的基础。然而，总统表示，这些关税不会适用于像苹果这样的公司，因为它们承诺投资美国本土制造。</p>
<p>当天，该公司在关税方面也得到了更多好消息。智能手机将继续在印度进口中免税，而特朗普政府则计划在本月晚些时候将其提高到 50%。这是一个重大胜利，因为目前在美国销售的大多数 iPhone 都是在印度组装的，而美国是其最大市场的核心。</p>
<p>凭借 6000 亿美元的回流承诺，该公司似乎获得了一些关税减免——超出了通过增加对国内制造依赖而避免的成本。</p>
<p>关税今年一直对股价造成压力，因此在上周的消息中股价反弹并不令人惊讶。</p>
<h2>2. 目前，iPhone 不会在美国制造</h2>
<p>特朗普曾表示，销售到美国的 iPhone 应该在美国制造。今年 5 月，他威胁对任何在国际上生产面向美国的智能手机的公司征收 25% 的关税。</p>
<p>但在上周的新闻发布会上，库克表示 iPhone 将继续在国外制造。尽管 “美国制造” 的 iPhone 的梦想已经持续了几个政府，但分析师坚持认为，由于缺乏熟练工人和美国高昂的劳动力成本，这一目标根本不可行。</p>
<p>相反，苹果专注于在美国生产更多 iPhone 和其他产品的组件，主要通过扩大与 <strong>德州仪器</strong>、<strong>应用材料</strong>、<strong>全球晶圆</strong> 和 <strong>博通</strong> 等供应商的合作。</p>
<p><strong>康宁</strong>，另一家苹果的供应商，将其位于肯塔基州哈罗兹堡的工厂全部用于生产苹果组件，这得益于库克公司 25 亿美元的投资。该工厂将生产所有 iPhone 和 Apple Watch 的保护玻璃——这是苹果的首次。两家公司还将在肯塔基州的工厂开设一个新的研发中心。</p>
<p>在白宫活动中，库克宣称他的公司正在美国创建 “一个端到端的硅供应链”，“从设计到设备，再到晶圆生产、制造和包装。” 该公司预计到 2025 年将为苹果产品生产 190 亿个美国制造的芯片。</p>
<p>苹果的美国制造计划有很多内容需要解读。但总体而言，投资者应该对该公司在管理关税风险方面的强大能力感到自信。其 6000 亿美元的回流承诺加强了其国内供应链，并建立了政治善意，这在贸易战升级时可能成为竞争优势。</p>
<p>而且，该公司的投资承诺的规模似乎足以让特朗普满意——因此至少在目前，保持美国制造的 iPhone 不在考虑之中。</p>
<h2>3. 苹果拥有合适的领导者来应对关税动荡</h2>
<p>蒂姆·库克的稳健领导在上周得到了充分展示，展现了他的供应链专业知识和政治智慧。在 2011 年被任命为首席执行官之前，他在公司担任运营总监多年，优化了一个跨越 50 多个国家的复杂全球供应链。这一经验在苹果应对不断升级的关税和地缘政治不确定性时正发挥着重要作用。</p>
<p>从关税复杂性和贸易紧张局势中抽身而出，该公司的市值从 2011 年的 3500 亿美元增长到今天的超过 3 万亿美元，库克一直在掌舵。即使在苹果 2025 财年第三季度面临 8 亿美元的关税冲击时，稀释后的每股收益仍比去年同期增长了 12%。该公司还报告了创纪录的第三季度收入。</p>
<p>在我看来，上周的高调白宫访问提醒我们，库克具备与世界领导人保持良好关系的外交能力，以及在充满挑战的贸易环境中保持苹果增长的商业头脑。</p>

苹果

2 倍做多 AAPL ETF - GraniteShares

苹果每日 1 倍做空 ETF - Direxion

苹果每日 2 倍做多 ETF - Direxion

AAPX

AAPY

APLY

<p>苹果的股票在公司宣布投资 1000 亿美元以扩大美国制造业后大幅上涨，总投资额达到 6000 亿美元。特朗普总统表示，由于这一承诺，苹果将免于对进口半导体的关税。尽管如此，iPhone 仍将在海外生产，重点是使用美国制造的组件。蒂姆·库克的领导在应对关税挑战中至关重要，苹果的市值在他的任期内显著增长。总体而言，这项投资增强了苹果的国内供应链，并降低了关税风险</p>

<p>Shares of <strong>Apple</strong>(AAPL -0.17%) jumped higher last week after the company announced it would invest an additional $100 billion to expand its manufacturing capacity in the U.S. The stock also appeared to get a boost from a comment by President Donald Trump, who suggested Apple would be exempt from tariffs he's threatening to levy on imported semiconductors and chips.</p>
<div class="lb-trans"><p><strong>苹果</strong>(AAPL -0.17%) 的股价上周大幅上涨，此前该公司宣布将额外投资 1000 亿美元以扩大其在美国的制造能力。该股似乎还受到特朗普总统的评论的提振，他暗示苹果将免于他威胁对进口半导体和芯片征收的关税。</p>
</div><p>Even with last week's pop, the stock was down about 7% this year as of Aug. 13. Was there anything shared during Tim Cook's White House visit that could help the stock make up lost ground? Here are three takeaways from Apple's big week.</p>
<div class="lb-trans"><p>即使在上周的反弹中，截至 8 月 13 日，该股今年仍下跌约 7%。在蒂姆·库克的白宫访问中是否有任何信息可以帮助股价弥补失去的地盘？以下是苹果这一周的三大要点。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg1NjAvZ2V0dHlpbWFnZXMtMTQ4OTEyMjI0Mi5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F828560%2Fgettyimages-1489122242.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images</p>
<div class="lb-trans"><p>图片来源：Getty Images</p>
</div><h2>1. Apple takes some tariff risk off the table</h2>
<div class="lb-trans"><h2>1. 苹果降低了一些关税风险</h2>
</div><p>With its latest pledge of $100 billion, Apple has publicly committed $600 billion to expand its U.S. manufacturing and supply chain footprint. The initiative, which includes its newly announced American Manufacturing Program, is slated to roll out over the next four years. But it looks like it's bearing fruit already.</p>
<div class="lb-trans"><p>通过最新的 1000 亿美元承诺，苹果已公开承诺投资 6000 亿美元以扩大其在美国的制造和供应链布局。该计划包括其新宣布的美国制造计划，预计将在未来四年内推出。但看起来它已经开始见效。</p>
</div><p>During Cook's Aug. 6 visit to the Oval Office, Trump reiterated his threat to impose tariffs that would double the prices of imported semiconductors and chips, which are the building blocks for smartphones and modern electronics. However, the president said those tariffs wouldn't apply to companies like Apple that have committed to investing in U.S.-based manufacturing.</p>
<div class="lb-trans"><p>在库克 8 月 6 日访问椭圆形办公室期间，特朗普重申了他对征收关税的威胁，这将使进口半导体和芯片的价格翻倍，而这些是智能手机和现代电子产品的基础。然而，总统表示，这些关税不会适用于像苹果这样的公司，因为它们承诺投资美国本土制造。</p>
</div><p>The company got more good news on tariffs that day. Smartphones will continue to be exempt on Indian imports, which the Trump administration is otherwise bumping up to 50% later this month. That's a big win because most iPhones sold in the U.S. are now assembled in India, and the U.S. is the heart of its largest market.</p>
<div class="lb-trans"><p>当天，该公司在关税方面也得到了更多好消息。智能手机将继续在印度进口中免税，而特朗普政府则计划在本月晚些时候将其提高到 50%。这是一个重大胜利，因为目前在美国销售的大多数 iPhone 都是在印度组装的，而美国是其最大市场的核心。</p>
</div><p>With its $600 billion reshoring commitment, the company appears to have bought some tariff relief -- above and beyond the costs it will avoid by increasing its reliance on domestic manufacturing.</p>
<div class="lb-trans"><p>凭借 6000 亿美元的回流承诺，该公司似乎获得了一些关税减免——超出了通过增加对国内制造依赖而避免的成本。</p>
</div><p>Tariffs have been weighing on the stock this year, so it's not surprising that the shares rallied on last week's news.</p>
<div class="lb-trans"><p>关税今年一直对股价造成压力，因此在上周的消息中股价反弹并不令人惊讶。</p>
</div><h2>2. For now, iPhones won't be made in America</h2>
<div class="lb-trans"><h2>2. 目前，iPhone 不会在美国制造</h2>
</div><p>Trump has stated that iPhones sold in America should be manufactured in America. In May, he threatened to slap a 25% tariff on any company that produces U.S.-bound smartphones internationally.</p>
<div class="lb-trans"><p>特朗普曾表示，销售到美国的 iPhone 应该在美国制造。今年 5 月，他威胁对任何在国际上生产面向美国的智能手机的公司征收 25% 的关税。</p>
</div><p>But at last week's press event, Cook said iPhones will continue to be manufactured abroad. While the dream of a made-in-America iPhone goes back several administrations, analysts insist it's just not feasible due to the lack of skilled workers and the high costs of labor in the U.S.</p>
<div class="lb-trans"><p>但在上周的新闻发布会上，库克表示 iPhone 将继续在国外制造。尽管 “美国制造” 的 iPhone 的梦想已经持续了几个政府，但分析师坚持认为，由于缺乏熟练工人和美国高昂的劳动力成本，这一目标根本不可行。</p>
</div><p>Instead, Apple is focusing on producing more components for iPhones and other products in the U.S., mainly by expanding its partnerships with suppliers such as <strong>Texas Instruments</strong>, <strong>Applied Materials</strong>, <strong>GlobalFoundries</strong>, and <strong>Broadcom</strong>.</p>
<div class="lb-trans"><p>相反，苹果专注于在美国生产更多 iPhone 和其他产品的组件，主要通过扩大与 <strong>德州仪器</strong>、<strong>应用材料</strong>、<strong>全球晶圆</strong> 和 <strong>博通</strong> 等供应商的合作。</p>
</div><p><strong>Corning</strong>, another established Apple supplier, will dedicate its entire Harrodsburg, Kentucky, factory to making Apple components, thanks to a $2.5 billion investment from Cook's company. The plant will produce all the cover glass for iPhones and Apple Watches -- a first for Apple. The two companies will open a new research and development center at the Kentucky plant as well.</p>
<div class="lb-trans"><p><strong>康宁</strong>，另一家苹果的供应商，将其位于肯塔基州哈罗兹堡的工厂全部用于生产苹果组件，这得益于库克公司 25 亿美元的投资。该工厂将生产所有 iPhone 和 Apple Watch 的保护玻璃——这是苹果的首次。两家公司还将在肯塔基州的工厂开设一个新的研发中心。</p>
</div><p>At the White House event, Cook declared that his company is creating &#34;an end-to-end silicon supply chain&#34; in America, &#34;from design to equipment to wafer production to fabrication to packaging.&#34; The company estimates that 19 billion American-made chips will be produced for Apple products in 2025.</p>
<div class="lb-trans"><p>在白宫活动中，库克宣称他的公司正在美国创建 “一个端到端的硅供应链”，“从设计到设备，再到晶圆生产、制造和包装。” 该公司预计到 2025 年将为苹果产品生产 190 亿个美国制造的芯片。</p>
</div><p>There's a lot to unpack in Apple's U.S. manufacturing plans. But overall, investors should feel confident that the company is in a strong position to manage tariff risk. Its $600 billion reshoring pledge strengthens its domestic supply chain and builds political goodwill, which could be a competitive advantage if the trade war escalates.</p>
<div class="lb-trans"><p>苹果的美国制造计划有很多内容需要解读。但总体而言，投资者应该对该公司在管理关税风险方面的强大能力感到自信。其 6000 亿美元的回流承诺加强了其国内供应链，并建立了政治善意，这在贸易战升级时可能成为竞争优势。</p>
</div><p>And the size of the company's investment pledge seems to be enough to appease Trump -- thus keeping an American-made iPhone off the table, at least for now.</p>
<div class="lb-trans"><p>而且，该公司的投资承诺的规模似乎足以让特朗普满意——因此至少在目前，保持美国制造的 iPhone 不在考虑之中。</p>
</div><h2>3. Apple has the right leader to navigate tariff turmoil</h2>
<div class="lb-trans"><h2>3. 苹果拥有合适的领导者来应对关税动荡</h2>
</div><p>Tim Cook's steady leadership was on full display last week, showcasing his supply chain expertise and political savvy. Before being named chief executive officer in 2011, he spent years as the company's operations guru, optimizing a complex global supply chain that now spans more than 50 countries. That experience is paying dividends as Apple navigates escalating tariffs and geopolitical uncertainty.</p>
<div class="lb-trans"><p>蒂姆·库克的稳健领导在上周得到了充分展示，展现了他的供应链专业知识和政治智慧。在 2011 年被任命为首席执行官之前，他在公司担任运营总监多年，优化了一个跨越 50 多个国家的复杂全球供应链。这一经验在苹果应对不断升级的关税和地缘政治不确定性时正发挥着重要作用。</p>
</div><p>Zooming out from tariff complexities and trade tensions, the company's market capitalization has grown from $350 billion in 2011 to more than $3 trillion today with Cook at the helm. Even with an $800 million tariff hit in Apple's fiscal 2025 third quarter, diluted earnings per share increased 12% compared to the year-ago period. The company also reported record third-quarter revenue.</p>
<div class="lb-trans"><p>从关税复杂性和贸易紧张局势中抽身而出，该公司的市值从 2011 年的 3500 亿美元增长到今天的超过 3 万亿美元，库克一直在掌舵。即使在苹果 2025 财年第三季度面临 8 亿美元的关税冲击时，稀释后的每股收益仍比去年同期增长了 12%。该公司还报告了创纪录的第三季度收入。</p>
</div><p>In my opinion, last week's high-profile White House visit was a reminder that Cook has the diplomatic chops to maintain productive relationships with world leaders and the business acumen to keep Apple positioned for growth in a challenging trade environment.</p>
<div class="lb-trans"><p>在我看来，上周的高调白宫访问提醒我们，库克具备与世界领导人保持良好关系的外交能力，以及在充满挑战的贸易环境中保持苹果增长的商业头脑。</p>
</div>

3 Things Apple Investors Should Know Following a Recent Trump Announcement

- 苹果宣布再投资 1000 亿美元扩展美国制造能力，股价上升。  
- 特朗普表示，承诺投资的公司将免于关税，苹果获益。  
- 苹果计划在美国生产 190 亿个芯片，增强国内供应链。  

苹果投资者在特朗普最近的宣布后应该了解的三件事