Overview

• Apple will release its fiscal second-quarter earnings after Thursday's market close, with analysts forecasting revenue of $94.2 billion and $1.62 EPS, reflecting year-over-year growth.
• iPhone revenue is expected to decline slightly to $45.6 billion, offset by gains in iPad, Mac, wearables, and services, which continue to diversify Apple's revenue streams.
• To mitigate risks from U.S.-China tariffs, Apple has accelerated production shifts to India, including shipping 600 tons of iPhones from India to the U.S.
• Apple's stock is down 16% year-to-date but has risen 23% over the past 12 months, with key technical support levels at $169 and $157 and resistance at $220 and $237.
• Bank of America analysts maintain a buy rating but have lowered their price target to $240, citing economic uncertainties and potential trade risks.