Apple Ranks Fifth in Trading Volume as Stock Surges for Fifth Straight Day

On April 28, 2025, Apple Inc. (AAPL) saw a trading volume of $7.911 billion, ranking it fifth among all stocks traded that day. The company's stock price increased by 0.41%, marking its fifth consecutive day of gains and a total increase of 8.79% over the past five days.

Apple is set to report its second-quarter earnings after the market closes on Thursday. Analysts anticipate that the company will report revenue of $94.41 billion, a 4% year-over-year increase, and net income of $24.4 billion, or $1.62 per share. However, the company's revenue in China has been declining, with an 8% drop in fiscal year 2024 following a 2% decline the previous year. This decline in revenue, coupled with broader geopolitical challenges, presents a complex landscape for investors as they await Apple's earnings report.

Morgan Stanley has raised its price target for Apple stock to $235 from $220, while maintaining an Overweight rating on the shares. This increase in the price target reflects the company's strong financial performance and its ability to navigate the challenges posed by tariff uncertainty and geopolitical risks.