Apple ( (AAPL) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Apple Inc. (AAPL) is currently navigating a complex geopolitical landscape as President Trump pressures the company to shift iPhone production from India back to the United States. Analysts, however, argue that manufacturing iPhones domestically is impractical due to the high costs involved, which could push the price of an iPhone to an exorbitant $3,500. Despite these challenges, Apple’s stock has experienced a 7% increase this week, although it remains down 16% year-to-date. Wall Street analysts maintain a Moderate Buy consensus on Apple stock, with a price target of $228.65, suggesting an 8.1% upside potential.
In addition to geopolitical tensions, Apple is embroiled in a legal battle with Epic Games over the inclusion of Fortnite in the iOS App Store. Although Epic Games won a recent court ruling, Apple has delayed the game’s return to the App Store, citing ongoing legal proceedings. Despite these challenges, analysts like Daniel Ives from Wedbush remain optimistic about Apple’s future, maintaining a price target of $270. Investors continue to view Apple as a stable investment, with analysts recommending a Moderate Buy rating based on 17 Buys, eight Holds, and four Sells in the past three months.