The Best and Worst Dow Stocks

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3. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 234

Short Interest as of Apr 30, 2025: 0.75%

Apple Inc. operates as a designer, manufacturer, and marketer of tablets, smartphones, wearables, personal computers, and accessories. The company’s stock is down 18% so far this year.

Over the last few years, Apple has steadily shifted some of its iPhone production from China to India. However, according to The Information report, geopolitical tensions between the two countries have created some challenges. The recent U.S. tariff hike has pressured the company to expand its manufacturing outside of China. India now produces about 20% of AAPL’s iPhones, and the firm is planning to raise its iPhone production by 10%  in India in 2025.

Things aren’t going as planned, though. The firm led by Tim Cook is facing some challenges in its efforts to shift production to India. The company tried to move its equipment to initiate iPhone 17 trial production, but the Chinese authorities blocked the transfer of equipment. The firm is taking measures to resolve this issue.

Morgan Stanley mentioned that the company seems to be favored by U.S. consumers despite lagging behind on AI initiatives. Investment firm’s latest AlphaWise survey revealed better-than-expected Apple Intelligence adoption.

Analyst Woodring highlighted:

“While the tariff backdrop creates myriad uncertainties, our March ’25 AlphaWise survey of 3,300 US consumers highlights stronger-than-expected consumer perception for Apple Intelligence, record-high US iPhone upgrade rates, and strong interest in new iPhone form factors.”

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