Overview

• Apple is expected to report $94.45 billion in revenue and $24.42 billion in net income for Q2 2025, with results due Thursday after markets close.
• U.S.-China trade tensions and potential 145% tariffs on Chinese-made electronics loom over Apple's supply chain and cost structure.
• The company plans to shift all U.S.-bound iPhone assembly to India by 2026 to reduce tariff exposure, though logistical challenges remain.
• iPhone sales are projected to decline for the second consecutive quarter, driven by a 9% drop in shipments in China despite strong demand for the iPhone 16e in India.
• Delays to AI feature rollouts, including improvements to Siri, have raised concerns about Apple's innovation timeline and competitiveness in key markets.