Bank of America stated that the recent decline in Apple’s stock price presents an “enhanced buying opportunity,” noting that the stock’s forward price-to-earnings ratio has fallen below 25x, offering a compelling risk/reward profile at this reduced level.

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	Forwarded this email? Subscribe here for more Bank of America: Apple’s swoon is ‘enhanced buying opportunity’ MacDailyNews Apr 8   READ IN APP   Bank of America stated that the recent decline in Apple’s stock price presents an “enhanced buying opportunity,” noting that the stock’s forward price-to-earnings ratio has fallen below 25x, offering a compelling risk/reward profile at this reduced level. Investing.com: ‎ The declines have been driven by mounting geopolitical concerns over tariffs and delays in AI-related product features, particularly around Siri upgrades. Apple shares are down 25.5% year-to-date… “In our view, the pullback presents a particularly enhanced buying opportunity for investors to own a high-quality name,” analysts wrote reiterating its Buy rating on “APPL’s stable cash flows, earnings resiliency and potential beneficiary of AI use on edge devices”. Apple shares are trading down another [5.27%] in Tuesday trading. According to BofA’s analysis, Apple’s stock has historically delivered positive returns in the months following dips below 25x forward P/E… Apple remains well-positioned to benefit from long-term tailwinds in edge-based AI computing, and that investors should “look through near-term volatility” to capitalize on the stock’s compressed valuation. ‎ MacDailyNews Take: As Peter Lynch said so eloquently, “The only problem with market timing is getting the timing right.” Sub-$170 AAPL seems like an absolute gift to us, but, as always, do your own diligence. Trying to hit it at its absolute bottom is like trying to win the lottery while being stuck by lightning. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Bank of America: Apple’s swoon is ‘enhanced buying opportunity’ appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

On Tuesday, two U.S.

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	Forwarded this email? Subscribe here for more Two US lawmakers urge White House to end UK data treaty after Apple backdoor order MacDailyNews Apr 8   READ IN APP   On Tuesday, two U.S. lawmakers wrote to President Donald Trump’s administration, calling for the termination of a data-sharing agreement with the U.K. and advocating for a new deal to be negotiated, following reports that the U.K. had directed Apple to create a backdoor into encrypted user data. In February, the British government instructed Apple to develop a system granting it access to end-to-end encrypted data uploaded by Apple users globally — an unprecedented request framed by the U.K. as a measure to prevent crime and pursue offenders. Apple responded by discontinuing its Advanced Data Protection feature for U.K. users that same month and is now challenging the directive. The U.K.’s order raised alarms among U.S. officials, who fear it could breach the CLOUD Act agreement between the two nations by enabling the U.K. to access U.S. citizens’ data. Reuters: ‎ Ohio Republican Jim Jordan, who chairs the Judiciary Committee, and Arizona Republican Andy Biggs, who chairs a subcommittee on surveillance, asked Attorney General Pam Bondi to end the U.S.-U.K. agreement made under the CLOUD Act. That agreement, which has been in place since 2019 and was renewed last year, allows the U.K. government to ask U.S. companies such as Apple to hand over data during criminal investigations – but not if the targets are U.S. citizens. The two members of the U.S. House of Representatives urged Bondi to “renegotiate it to adequately protect American citizens from foreign government surveillance,” according to the letter, which was seen by Reuters. ‎ MacDailyNews Take: The UK is a surveillance state gone amok. End the agreement. It’s not enough that every Brit alive has a government camera shoved up their ass 24/7/365? The UK has already slipped far down the slope that they ought to rename the place Airstrip One. – MacDailyNews, November 3, 2015 Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety. – Benjamin Franklin The current batshit insane “leadership” of Airstrip One is having yet another crisis of confidence. – MacDailyNews, February 7, 2025 Censorship reflects a society’s lack of confidence in itself. – Potter Stewart MacDailyNews Note: Apple’s Advanced Data Protection for iCloud is an optional setting that offers Apple’s highest level of cloud data security. If you choose to enable Advanced Data Protection, the majority of your iCloud data — including iCloud Backup, Photos, Notes, and more — is protected using end-to-end encryption. No one else can access your end-to-end encrypted data, not even Apple, and this data remains secure even in the case of a data breach in the cloud. How to turn on Advanced Data Protection for iCloud On Mac Choose Apple menu  > System Settings. Click your name, then click iCloud. Click Advanced Data Protection, then click Turn On. Follow the onscreen instructions to review your recovery methods and enable Advanced Data Protection. On iPhone and iPad Open the Settings app. Tap your name, then tap iCloud. Scroll down, tap Advanced Data Protection, then tap Turn on Advanced Data Protection. Follow the onscreen instructions to review your recovery methods and enable Advanced Data Protection. More info about Apple’s Advanced Data Protection for iCloud here. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Two US lawmakers urge White House to end UK data treaty after Apple backdoor order appeared first on MacDailyNews. Invite your friends and earn rewards If you enjoy MacDailyNews, share it with your friends and earn rewards when they subscribe. Invite Friends   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

Apple exported iPhones worth over 1.5 trillion rupees ($17.4 billion) from India in the last fiscal year, according to India’s technology minister, highlighting the company’s push to diversify its manufacturing base beyond China.

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	Forwarded this email? Subscribe here for more Apple exported $17 billion in iPhones from India in 2024 MacDailyNews Apr 8   READ IN APP   Apple exported iPhones worth over 1.5 trillion rupees ($17.4 billion) from India in the last fiscal year, according to India’s technology minister, highlighting the company’s push to diversify its manufacturing base beyond China. Tech minister Ashwini Vaishnaw announced at a New Delhi briefing that India’s smartphone exports, driven by the surge in iPhone shipments, reached more than 2 trillion rupees in the fiscal year ending March 2025, marking a 54% increase from the prior year. Sankalp Phartiyal for Bloomberg News: ‎ Apple has rapidly expanded in India after strict Covid shutdowns paralyzed manufacturing at its largest iPhone plant in China. The diversification drive has coincided with Prime Minister Narendra Modi’s ambition to turn the country into a manufacturing hub. India’s subsidies have helped Foxconn Technology Group and the electronics manufacturing unit of Tata Group, which bought Wistron Corp. and Pegatron Corp.’s India factories, scale up local iPhone assembly. US President Donald Trump’s levies on China — and his threat to impose a further 50% tariff — could push Apple to move more manufacturing toward India and countries in Southeast Asia. Separately, Apple has been stocking up on inventory in anticipation of the tariffs. And it’s steering more devices made in India to the US market, Bloomberg News has reported. The Trump administration announced plans to impose a “reciprocal” tariff of about 27% on India, a lower level than China. ‎ MacDailyNews Take: Apple today still ships roughly four-fifths of its iPhones from China because Tim Cook firmly latched Apple onto China’s CCP teat and his plan for weaning it off is way late and too slow. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple exported $17 billion in iPhones from India in 2024 appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe