Wedbush analyst Dan Ives raised his Apple price target to $270, citing growing confidence in its India supply chain strategy despite ongoing tariff concerns, according to a post on X. Ives said Apple’s manufacturing shift may ease fears over iPhone tariffs and noted improving demand in China, a key market for the company. Apple CEO Tim Cook said during the company's earnings call that most U.S. iPhones will be made in India and nearly all other devices will come from Vietnam, as the company shifts production away from China. The tech giant expects a $900 million cost impact this quarter if global tariff rates and policies remain unchanged. Apple shares rose slightly during the day by 0.39% but fell in after-hours trading by 3.78%. Shares are down 12.52% year-to-date.
