Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Apple’s stock is facing a turbulent period as analysts lower their price targets due to concerns over soft iPhone demand, macroeconomic pressures, and tariff risks. Jefferies has downgraded its price target, citing weak iPhone sales and global economic challenges, while JPMorgan has also reduced its target, pointing to macroeconomic headwinds. Despite these challenges, Apple’s performance in India has been a bright spot, with record-breaking iPhone shipments driven by affordability initiatives and increased exports to the U.S. to avoid tariffs on Chinese imports.
The company is increasingly relying on India as a manufacturing hub to mitigate the impact of U.S. tariffs on Chinese imports. However, Apple’s performance in China has been less favorable, with a decline in market share due to premium pricing. As Apple navigates these challenges, its stock has seen a 15% drop since early April. Analysts maintain a Moderate Buy consensus on AAPL stock, with an average price target suggesting a potential upside, but the outlook remains cautious as the company works to adapt its global strategy.