Apple stock rises as investors remain optimistic about potential relief from U.S. import tariffs.
Apple faces challenges due to missteps in its AI strategy, including delays in AI capabilities for Siri and setbacks in AI-enhancing features.
Analysts estimate that Apple's AI delays could remove around 10 million iPhone sales from its 2025 tally, but see improvement in the following fiscal year.
Increased China-based hardware production likely results from trade-war issues between Washington and Beijing, with Apple pulling forward production to mitigate tariffs.