Apple Inc. (NASDAQ:AAPL) reported strong Q1 results and a stock pop as it weighs foldable iPhones, AI-driven product upgrades and supply moves — from U.S. chip partnerships and selective Chinese memory use to potential buybacks — amid mixed analyst targets and rising regulatory scrutiny globally.

Previous Week Recap

  • Apple Q1 Revenue Beats: Apple (AAPL) Q1 revenue $111.2B, up 16.6% YoY; EPS beat estimates. Stock jumped ~6.5% after results, trading near $288.90, important for short-term traders.
  • Apple Seeks China DRAM/NAND Approval: Apple is seeking U.S. approval to buy DRAM and NAND from Chinese suppliers CXMT and YMTC for devices sold in China, joining Samsung, SK Hynix and Micron; deals not finalized.
  • Foldable iPhone Plans Announced: Apple to build ~10M foldable iPhones in 2026, plans at least five new iPhone models including a foldable 'iPhone Ultra' with launch between H2 2026 and H1 2027
  • Analysts Split On Apple: Analysts diverge on Apple (AAPL): Morgan Stanley sees upside near $376 tied to foldables and AI, Jefferies cuts to Underperform, KGI trims to Hold $315, TD Cowen and Maxim raise targets to $350.
  • Apple Raises Prices Across Devices: Apple raised prices on some iPad, Mac, Home devices and Vision Pro, citing higher AI-driven memory-chip costs; may limit use of Chinese memory chips to devices sold only in China as supply fix
  • Apple Partners With Intel On U.S. Manufacturing: Apple partners with Intel to boost U.S. chip production and expand domestic manufacturing, aiming to diversify its supply chain and reduce cost and supply risks for AAPL.
  • Apple Holds Large Cash Reserves: Apple holds large cash reserves and could fund buybacks; the company hasn’t given specific guidance on buyback plans or timing, leaving investors without official details.
  • Russia Warns Apple Over Preinstall: Russia’s antitrust agency warned Apple for allegedly favoring foreign search/apps, ordered local search engines and Max messenger be preinstalled by July 15; warned of fines up to 4 billion roubles.
  • UK Eases App Payment Rules: UK regulator proposes easing rules that stop Apple from letting apps link to alternative payment methods; consultation runs to July 28, decision expected later this year; Google has already complied.
  • EU Siri Launch Delayed: Apple delayed EU Siri AI launch citing DMA interoperability rules; Brussels says talks stalled. DMA may impose fines up to 10% of global revenue for noncompliance.

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.