Although the stock market performed much better on Monday than in the previous two trading days, apple Hammered again, losing 3.7% over fears the company will be hit hard by President Donald Trump tariff.

The sell-off brought Apple’s three-day rout to 19%, a reduced drop that has eliminated $638 billion in market capitalization.

Analysts say Apple is one of the most exposed companies in the trade war, mainly due to its reliance on China, which faces a 54% tariff. Although Apple has production in India, Vietnam and Thailand, these countries are also facing increased tariffs as part of Trump’s comprehensive plan.

In technology Megacapthe roughest stretch of the apple. The only stock of the seven people fell on Monday was Apple, Microsoft and Tesla.

The Nasdaq almost ended last week after falling 10% last week, its worst performance in more than five years.

Analysts say When new responsibilities take effect, Apple may need to raise prices or additional tariffs. UBS analysts estimated on Monday that Apple’s highest iPhone price could rise by about $350, or about 30%, from its current $1,199 price.

Barclays analyst Tim Long wrote that he hopes Apple raises prices or the company could cut earnings per share by 15%. Apple may also be able to re-arrange its supply chains to import to the United States from other countries with lower tariffs.

Apple declined to comment on the tariffs.

watch: Apple falls on Trump tariffs