Apple (AAPL) gained market share in India’s smartphone segment in 2024, with the iPhone maker moving into the top six, according to data from IDC. The US-based vendor posted 35 percent growth in the country, which is now the company’s fourth largest market after it shipped 12 million units. Its share rose from 6.4 percent in 2023 to 8.2 percent last year.
Following its Q4 2024 earnings report, Apple stock (AAPL) did not perform well, falling a bit amid unsatisfying results. Outside of the ongoing trade tensions taking place with the US, the tech company hasn’t had a thriving first month of the year either. In January, its iPhone was dethroned in China, losing significant market share. Moreover, the product was facing an Indonesian ban that concerned many investors. Fortunately, Apple appeared to pick up the pace in India to make up for those failures.
The global economy today is deeply interlinked, making a company’s engagement with international markets a critical factor in determining its financial success and growth path. For AAPL, the company typically performs well globally, which makes its recent failures in China a bit worrisome. Furthermore, the company’s performance in the native USA since the start of 2025, down 8.7% YTD, has some investors concerned.
Apple Stock: Is Wall Street Still Concerned About AAPL’s Start to 2025?
Furthermore, entering 2025, many expected Apple to potentially be the first company to reach a $4 trillion market cap. The thought was reasonable, considering it had been the first to both $2 trillion and $3 trillion. However, the year has not been so kind to that pursuit. There are now fears that the stock could face even greater challenges. As the Apple (AAPL) stock prepares for US President Donald Trump’s incoming tariffs, Bank of America speaks on the potential impact. specifically, if Wall Street should be worried.
According to the bank’s analysts, the tariff effect is expected to be “manageable” by Apple. Indeed, they project that “80% of the devices sold in the US can be sourced from outside of China.” Subsequently, that will greatly reduce the company’s exposure to incoming tariffs.
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Wall Street, however, still sees AAPL picking up gains in revenue in Q1 2025, according to predictions. Wall Street analysts expect Apple to report a total revenue of $93.91 billion in the current fiscal quarter. This suggests an increase of 3.5% from the prior year quarter. For the full year, the company is expected to generate $407.16 billion in total revenue, up 4.1% from the previous year.