From CNBC: 2025-04-26 11:07:00

Leading analyst Craig Moffett doubts the feasibility of moving iPhone assembly to India to avoid tariffs. Moffett believes the move may not significantly reduce costs, as iPhone components would still be made in China. Moffett cut Apple’s price target to $141, citing concerns about tariff impact and slowing consumer demand. Apple stock rose 6% last week.

Read more: Apple iPhone assembly in India won’t cushion China tariffs: Moffett