As Wall Street is eagerly waiting for the fiscal second quarter earnings of Apple, the analysts are pointing out certain price levels that will determine the performance of the tech giant in the coming days. The significant growth of the company over the years can be highlighted by its 2006 revenue of $19.1 billion, reaching $390.8 billion in 2024. In the first quarter of fiscal 2025, the tech giant posted revenue of $124.3 billion, marking a 4 percent increase year over year. About the successful year of 2024, Kevan Parekh, Apple’s CFO, stated 

“Our record revenue and strong operating margins drove EPS to a new all-time record with double-digit growth and allowed us to return over $30 billion to shareholders. We are also pleased that our installed base of active devices has reached a new all-time high across all products and geographic segments.”

Tidal Shift After Trump’s Tariff War

The market growth of Apple was definite, predictable, and calculated until Trump took the Oval Office for the second term, announcing strong tariffs on imported goods in his Make America Great Again move. After the Liberation Day tariffs, Apple got a big stock blow due to its potential supply chain disruption that will impact the product prices. For instance, according to the analysts at Rosenblatt Securities, after Trump’s tariffs, the price of the iPhone 16 will jump from $799 to $1142, and the top-of-the-line iPhone 16 Pro Max may cost $2300. Parallel to this, Apple stores were swamped with customers buying iPhones and Apple products before the new prices were imposed. 

In the latest development, Apple is planning to shift assembling iPhones from China to India. If successful, India will be producing 60 million iPhones by next year. These variables will surely reflect on the second-quarter earnings of the tech giant, released this Thursday. 

Apple Stock Price Levels to Watch 

This month, Apple shares regained their ground after an intraday reversal at the 200-week moving average (MA) on above-average volume. Meanwhile, the relative strength index (RSI) has also moved upward. However, this RSI remains below the 50 threshold, indicating an uninspiring price momentum. 

Analysts are highlighting three key marks that investors need to watch out for after the first-quarter earnings. The first mark is $169. If bulls fail to support this target, it will drop to $157, and investors could seek an entry point at this level. During the rally, the level of $220 is notable, which is currently just below the 50-week MA. Apple shares could run into selling pressure in this location near price action on the chart that can extend back to last year’s June.