Gene Munster predicts Apple and Tesla will receive tariff waivers from President Trump in 2025

Deepwater Asset Management’s Gene Munster got several of his 2024 predictions regarding Apple correct:
• Apple will bring generative AI to Siri. Got it. Apple’s use of its own SLMs to power Apple Intelligence, combined with OpenAI’s GPT, has given iPhone users direct access to a more powerful Siri. Although it is not in full force yet, pending 1H 2025, Siri has gotten better, and will continue to add useful functionality that utilizing GenAI.
• Apple will not announce any additional devices in the Vision product line. Got it. Apple is at a crossroads with the Vision Pro – either make it cheaper and develop use cases or audible to a less immersive wearable like Meta’s Ray-Bans or Google Glasses, utilizing ambient computing.
• Apple will acquire Peloton. Missed. While we got this wrong, investors recognized shares of PTON were undervalued late last year. Since then, shares are up 66%, compared to the Nasdaq up 35%. And to think they did it without any AI.
For 2025, Munster predicts that Apple and Tesla will receive tariff waivers if President Trump executes his proposed China tariffs.
Gene Munster for Deepwater Asset Management:
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Apple and Tesla will receive tariff waivers (if Trump executes his proposed China tariffs) – Make no mistake, increased tariffs are coming for many manufacturers, but Apple and Tesla will be spared high tariffs – Trump doesn’t want Tesla to lose to BYD or Apple to lose to Samsung.
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MacDailyNews Take: (Make) bank on it.

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