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 is making headlines with potential new partnerships and legal challenges. The tech giant is reportedly in talks with Intel to manufacture its low-end M processors, a move that could significantly impact both companies. This potential partnership aligns with the ‘Made in USA’ policy and could bolster Intel’s foundry business. Meanwhile, Apple is also facing a legal battle in India, challenging a new rule by the Competition Commission of India that could lead to a hefty $38 billion fine. This rule uses global turnover to calculate fines, which Apple argues is unconstitutional and should be based on Indian revenue.
Despite these challenges, Apple’s business in India is booming, with record iPhone shipments and a growing supply chain presence. The company is shifting more production to India, which has seen a significant increase in exports. Analysts remain optimistic about Apple’s stock, with a Moderate Buy consensus and a slight upside potential. As Apple navigates these developments, investors are keenly watching how these moves will affect its stock performance.