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Apple Ranks Fifth in Trading Volume as Stock Surges 9.34% in Six Days

Market BriefTuesday, Apr 29, 2025 7:40 pm ET

1min read

On April 29, 2025, apple inc. (AAPL) saw a trading volume of $74.50 billion, ranking fifth in the day's stock market activity. The company's stock price increased by 0.51%, marking its sixth consecutive day of gains, with a total increase of 9.34% over the past six days.

Apple has recently received an upgrade, with a new price target set 12% higher than its current trading price. This upgrade comes as the company continues to expand its iPhone production in India, aiming to mitigate the impact of potential U.S. tariffs on Chinese-made electronics.

Two new plants in India have started production, with a Tata Electronics plant in Hosur, Tamil Nadu, and a Foxconn plant in Bengaluru, Karnataka. These facilities are crucial for Apple's strategy to diversify its manufacturing base away from China, given the ongoing trade tensions between the U.S. and China. The Foxconn plant is expected to create 50,000 jobs at full capacity by December 2027.

Apple's efforts to ramp up production in India have already yielded results, with the company shipping $2 billion worth of iPhones to the U.S. in March. This move is part of Apple's broader strategy to position India as a key manufacturing hub, reducing its reliance on China and mitigating the risks associated with potential tariffs.

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