From Yahoo Finance: 2025-06-18 10:30:00

Apple’s iPhone sales in China surged, leading to 15% global growth in April and May. Despite facing trade tensions, the company diversified its supply chain by shifting some iPhone production to India. President Trump’s threat of tariffs has impacted Apple’s stock, which is down 9.7% over the past year.

Apple’s Q2 revenue exceeded expectations, with iPhone sales up 2% and gross profit in line with forecasts. Wearables and services segments fell short, but analysts remain positive on Apple’s stock. Concerns about tariffs impacting future costs linger, but the company expects low to mid-single digit growth in Q3.

Wall Street analysts maintain a “Moderate Buy” rating on Apple, with price targets reflecting potential upside of up to 54%. Analysts from Morgan Stanley, Wedbush, and BofA Securities all reiterated positive ratings and price targets, showing continued faith in Apple’s long-term prospects despite current challenges.



Read more at Yahoo Finance: Apple Just Snatched Back the Top Spot in China Smartphone Sales. Should You Buy AAPL Stock Here?