From Yahoo Finance: 2025-04-29 07:02:00

Apple is set to report results, facing questions about AI delays and tariffs. Analysts predict a small fall in iPhone sales, despite a rush of orders for the new lower-priced iPhone 16e. The Sino-U.S. tariff standoff has impacted Apple’s stock, with plans to shift production to India to mitigate costs.

The uncertainty of tariffs has caused Apple’s shares to drop over 16% this year, wiping out over $600 billion in market value. While rivals like Samsung and Google have rolled out AI features, Apple has been slow to deliver. Improvements to Siri have been delayed to 2026, leaving users and investors waiting.

Apple’s cautious approach to AI deployment has left the company playing catch up, with pressure to innovate and realign its supply chain amidst tariff threats. Despite challenges in China, the $599 iPhone 16e saw strong demand in India, helping Apple lead global smartphone sales in the quarter.

Overall, Apple’s revenue is expected to rise 4.2% in the second quarter, driven by iPad sales and growth in the services business. With iPad sales expected to increase by 9.1% and the services business projected to grow by 11.8%, Apple continues to navigate challenges while focusing on revenue growth.

Read more: Apple investors seek clarity on tariffs, AI strategy as iPhone sales decline