Anushka Mukherji
5 min read
In This Article:
Data from Counterpoint Research showed that iPhone sales for May rose to the top spot in China, with global sales growing 15% year-over-year during April and May. This was driven by Apple (AAPL) returning to growth in two of its largest markets: China and the U.S.
The report also highlighted that Apple smartly navigated tariff hurdles and achieved double-digit growth across other key markets, such as Japan, India, and the Middle East, further cementing its dominance on the global stage. So, should you buy Apple at this juncture?
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Commanding a hefty $2.96 trillion market cap, Apple (AAPL) is well-known for its iPhones, iPads, Macs, AirPods, Apple Watches, and Apple Vision Pro, as well as its software platforms. However, even with its market dominance, the company landed in hot water this year, facing mounting scrutiny amid tariffs and trade tensions. As a result, Apple is shifting some of its iPhone production to India, which helps the company diversify its supply chain and keep costs low.
This move, however, hasn’t been appreciated by President Donald Trump, who has threatened the company with a 25% tariff on its products if it does not shift its manufacturing back to the U.S. Apple’s stock is down 9.7% over the past 52 weeks and has suffered a 21.9% hit year-to-date. The stock reached a 52-week high of $260.10 late last year and is currently 24.8% below this high. The company attempted to regain some ground through its annual developer conference, from June 9 to June 13.
Apple showcased its new “Liquid Glass” design and its new upgraded OS, which will be named iOS 26. Unfortunately, investors were not overly enthusiastic about the outcomes, as they had expected more from the company in the artificial intelligence (AI) field. While the company may have hoped for a lift in its stock after the conference, the stock actually declined. Over the past five days, Apple’s stock has tanked almost 3.5%.
In early May, Apple disclosed its fiscal 2025 second-quarter results (quarter ended March 29), which were hotter than expected. The company reported revenue of $95.36 billion, up 5% from the prior year’s period. The top line also surpassed the $94.66 billion revenue that Wall Street analysts were expecting.
