Apple iPhone: This Could Send Apple Stock Higher
- Buz Investors AAPL Stock Higher (NASDAQ:AAPL) is in the news again after its partner, Foxconn Technology Co Ltd (TPE:2354), grabbed headlines last weekend on the possibility of investing around $7.0 billion for a display-making plant in the United States.
- Apple stock has strengthened of late, and is hovering around the $120.00 level. There is a sense of optimism that has taken over since President Donald Trump started warming up to the tech community
- and promised to ease regulations and provide incentives to them. And the latest news on Apple “iPhone” production may bring some relief to investors who have been worrying over the future of the iPhone.
AAPL Stock Higher
AAPL Stock Higher Apple Inc. has been in talks with the Indian government over iPhone production in the country. Reports have come in that Apple has had quite a constructive dialogue with Indian officials concerning the expansion of the company’s local operations in the country. Apple executives were to meet industry officials on Wednesday to further discuss details of the plan. (Source: “Apple says dialogue with India on local expansion plans was ‘constructive’,” Reuters, January 25, 2017.)
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AAPL Stock Higher
The company’s China issues have been growing severe for a while now, hitting AAPL stock hard. Apple Inc. has been focusing on stopping the decline in iPhone sales by considering markets like India. This move has gained significance recently, as there has been pressure from Donald Trump on Apple to stop building iPhones in China.
But perhaps, most importantly, Donald Trump sees India as a friend, which could be good for Apple stock. On Tuesday, Donald Trump spoke with Indian Prime Minister Narendra Modi and said that Washington considers India a “true friend and partner in addressing challenges around the world.” It is said that Trump and Modi have discussed opportunities to strengthen their partnership on the economy and defense. (Source: “Donald Trump tells Narendra Modi he considers India a ‘true friend’,” CNN, January 25, 2017).
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