Apple (AAPL) is slated to report fiscal second-quarter results after the market closes Thursday, with investors likely to be watching for clues on how 澳洲幸运5官方开奖结果体彩网:shifting trade policies could impact the iPhone maker.

Bank of America analysts recently reiterated a “buy” rating, but lowered their price target to $240 from $250, citing "uncertainty in the economic outlook." The analysts said they anticipate Apple could see some near-term upside "driven by some pull forward of demand" driven by tariff worries, but warned that demand could weaken as concerns about the economy weigh on consumers.

Several analysts have also warned the company could be hurt by a trade war with China, where Apple manufactures an estimated 90% of its products. President Donald Trump has said he expects tariffs on China “澳洲幸运5官方开奖结果体彩网:will come down substantially” but not drop to zero. To help mitigate some risk, Apple is reportedly 澳洲幸运5官方开奖结果体彩网:planning to move the ❀assembly of all iPhones it sells in the U.S. to India by the end of 2026. 

Of the 15 analysts covering Apple tracked by Visible Alpha, nine have a “buy” or equivalent rating for the stock, with four “hold” ratings, and two “sell” ratings. Their consensus price target near $232 would suggest roughly 9% upside from Thursday's intraday price at $212. Shares of Apple have dropped 15% since the start of the year.

Analysts on average expect Apple to report second-quarter revenue of $94.72 billion, up 4% year-over-year, and net income of $24.47 billion, or $1.63 per share, up from $23.64 billion, or $1.53 per share, a year earlier.

UPDATE—May 1, 2025: This article has been updated since it was first published to reflect more recent analyst estimates and share price values.