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The leaders of the world's two largest economies are meeting to keep a fragile trade truce on track. This is important for Apple because it relies on Chinese factories to build most of its products and sells about a fifth of its devices there. If the truce fails and new tariffs, which are essentially taxes on imported goods, are put in place, it could make iPhones more expensive to build or harder to sell in China.
Source: Reuters
The iPhone 18 Pro and the new Duo model are the first Apple devices that can run on Anterix 900 MHz networks. These are private wireless systems that large companies, like power utilities, build for their own use rather than relying on public cell towers. This move helps Apple sell more devices to industrial businesses that need secure, dedicated connections for their workers in the field.
Source: GlobeNewsWire
Evercore ISI raised its target for where it expects the stock to trade, though it did not change its overall rating. This puts their target about 13 percent higher than the current price. Most analysts have been raising their targets lately, bringing the average across Wall Street firms to $342.
Source: Evercore ISI
Apple will modify the screens that ask European users for permission to be tracked across different apps and websites. The change comes after German regulators investigated whether Apple's privacy rules gave its own apps an unfair advantage over rivals.
This is a small but real concession in Apple's ongoing battle with European regulators. By making these screens less alarming, Apple is trying to settle claims that it uses privacy as a shield to hurt competitors who rely on advertising data to make money.
Employees at Italian Apple stores went on strike this Friday to protest working conditions. The timing is notable because it coincides with the launch of the iPhone 18 Pro, the company's most important product release of the year. While strikes at individual stores can disrupt sales for a day, they rarely affect the company's overall financial health. Apple has over 500 stores globally, and most customers who cannot buy a phone today will simply order online or return later in the week.
Source: Reuters
Management has cleared the bar eight quarters in a row with predictable precision. This shows they have a tight grip on their costs and can reliably forecast what customers will spend.
| Expectation | |
|---|---|
| EPS | $1.99 |
| Revenue | $113.21B |