Apple is beginning to bring its semiconductor manufacturing supply chain back to the United States. Nearly all of the most advanced chips are made in Taiwan, which China has threatened to annex.
The company will move some production of the desktop computer to a Foxconn facility in Texas.
A Bloomberg report suggests a potential one-two-three punch of product launches over consecutive days from Apple, including three new MacBooks and an iPad with M4 chip.
Apple's (NASDAQ: AAPL | AAPL Price Prediction) stock has partially recovered from a sell-off that hit other large tech companies harder, because they are “dumping” hundreds of billions of dollars into data centers.
Apple's installed base surpassed 2.5 billion devices, driving recurring monetization and ecosystem expansion across all major geographic regions. Q1 revenue reached $143.8 billion, up 16% year over year, fueled by iPhone growth and services strength. Services revenue hit a record $30 billion, growing 14% annually with gross margins of 76.5%.
Apple ( NASDAQ:AAPL | AAPL Price Prediction ) has trailed in the artificial intelligence (AI) race since its early stages.
The US Supreme Court just invalidated the US's tariff regime on Friday, but President Trump has already announced a 15% blanket tariff, making the situation uncertain. Apple has racked up a $3.3B tariff bill so far and could be due for refunds, but the uncertainty in refunds also remains heightened. Even with ongoing tariff uncertainty, Apple's robust demand and operational agility position it to outperform, supporting a bullish outlook.
Apple (NASDAQ:AAPL | AAPL Price Prediction) and Microsoft (NASDAQ:MSFT) are two of the largest companies, but it's actually Google's parent company, Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL), that has recently emerged as the most profitable company.
Apple: Why I'm Finally Turning Bullish (Rating Upgrade)
Investors will certainly be monitoring the potential tariff relief impact on the global economy, and these stocks could be poised to benefit.
I have been detailing the rotation unfolding beneath the surface of the market in recent weeks. While mega-cap technology and much of the AI ecosystem pulled back, value stocks, cyclicals and several international markets attracted fresh inflows.
Apple has spent more than $3 billion on tariffs since President Donald Trump enacted his trade policies. The Supreme Court ruling to strike down Trump's tariffs means the company could source more of its U.S.-bound products from China at a lower rate.