Apple's stock has been hit hard since the Trump administration unveiled sweeping tariffs last week, but Bank of America analysts said that could present an opportunity for investors to buy it at a discount.

Multibillionaire Warren Buffett, CEO of Berkshire Hathaway, spent most of the past year selling down his company's massive stake in Apple. It remains Berkshire's largest position, but Buffett, famous for his eye for valuations, clearly saw trouble that long preceded the recent tariff shock.

Apple relies on a number of other countries for its manufacturing, many of which are being hit with aggressive tariffs.

Shares of Apple ( AAPL) whipsawed on Tuesday, as the US announced it will levy a 104% tariff on goods imported from China. The move comes in response to China's threat to impose a 34% tariff on US imports beginning on April 10.

The 10% baseline tariff plus additional “reciprocal” levies on China, India, and Taiwan has undermined investor confidence in the U.S. tech giants.

Make no mistake about it: tariffs are real and impactful, and they will cause volatility in the financial markets. A case in point is Apple (NASDAQ:AAPL) stock, which got slammed Monday, continuing last week’s deep decline.

The iPhone maker faced its biggest one-day drop in five years as investors panicked over Donald Trump's heavy tariffs on its supply chain hubs.

If you have an older Apple device that you've been considering upgrading, you're probably wondering how the newly announced tariffs