The threat of new tariffs imposed by the Trump administration on products from China caused a significant drop in Apple Inc.'s stock price. However, this also resulted in a temporary boost in iPhone sales. Apple retail stores across the country reported an influx of customers over the weekend. Shoppers were motivated by fears of substantial price hikes on iPhones following the implementation of tariffs. Given that most iPhones are manufactured in China, these tariffs, potentially reaching 54%, were a major concern for consumers.