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Investing.com - Evercore ISI has reiterated an Outperform rating and $250.00 price target on Apple (NASDAQ:AAPL) following the company’s announcement of a significant expansion to its U.S. manufacturing commitment. According to InvestingPro data, 21 analysts have recently revised their earnings estimates upward, with price targets ranging from $175 to $300.
Apple announced a $100 billion expansion to its U.S. manufacturing and supply chain investment, bringing its total commitment to $600 billion over the next four years. The announcement came during a press conference with CEO Tim Cook and President Trump. The expansion aligns with Apple’s strong financial position, with the company generating over $96 billion in levered free cash flow over the last twelve months.
During the press conference, President Trump indicated that companies committed to U.S. manufacturing would be exempt from potential semiconductor import tariffs, which could reach up to 100%. This exemption would provide Apple protection from sectoral tariffs on semiconductors.
Apple reported approximately $800 million in tariff-related costs during the second quarter, with tariff impacts expected to increase to $1.1 billion in the September quarter, assuming no changes to current tariff policies.
Evercore ISI noted that Apple reported a "solid" June quarter beat last week, and suggested that the commitment to domestic manufacturing could alleviate concerns about sectoral tariff uncertainty for the company. With a robust gross profit margin of 46.7% and revenue of $408.6 billion in the last twelve months, Apple maintains its position as a prominent player in the Technology Hardware sector. For deeper insights into Apple’s financial health and comprehensive analysis, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, Apple has announced plans to invest an additional $100 billion in the United States, increasing its total commitment to $600 billion over the next four years. This announcement coincided with an event at the White House, where it was revealed that Apple would avoid tariffs on imported goods, following this increased investment pledge, as noted by UBS. Despite the tariff exemption, potential new tariffs on India could increase Apple’s annual costs by $10 billion, affecting its operating income, according to Deepwater Asset Management. Analysts have weighed in on these developments, with UBS maintaining a Neutral rating and a $220 price target, while Wedbush continues to rate Apple as Outperform with a $270 price target. Additionally, BofA Securities and Goldman Sachs have both reiterated Buy ratings, citing strong growth in App Store revenues. BofA highlighted a 12.1% year-over-year increase in App Store revenue to $3.3 billion, while Goldman Sachs noted a 13% year-over-year growth in July 2025. These recent developments reflect a dynamic period for Apple, with significant investment plans and notable analyst ratings.
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