Apple's Manufacturing Growth Supported by Indian Government Policy
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 01 2026
0mins
Should l Buy AAPL?
Source: Newsfilter
Apple Inc's stock rose 3.01% as it reached a 20-day high, reflecting positive investor sentiment amid broader market movements.
The Indian government's new tax policy allows foreign companies, including Apple, to provide machinery to contract manufacturers without tax risks for five years. This significant change reduces operational costs and boosts confidence in local production, aligning with Apple's expansion plans in India. The company's market share in India has doubled to 8%, showcasing its successful diversification strategy and potential for long-term growth in the region.
This policy adjustment is expected to enhance Apple's manufacturing capabilities and further solidify its position in the Indian market, contributing to its overall growth strategy.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AAPL is 299.69 USD with a low forecast of 230.00 USD and a high forecast of 350.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
32 Analyst Rating
19 Buy
11 Hold
2 Sell
Moderate Buy
Current: 275.910
Low
230.00
Averages
299.69
High
350.00
Current: 275.910
Low
230.00
Averages
299.69
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, and Wearables, Home and Accessories. Its software platforms include iOS, iPadOS, macOS, watchOS, visionOS, and tvOS. Its services include advertising, AppleCare, cloud services, digital content and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Design Team Integration: The acquisition of Jony Ive's design startup last year aims to enhance the design quality of OpenAI's consumer hardware products, potentially leading to innovations in its future product lines.
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- Market Competition: Another Danish app, “NonUSA,” surpassed 100,000 downloads at the beginning of February, indicating a sustained consumer interest in boycotting American products, which may encourage the development of more similar applications and further diversify the market.
- Platform Availability: Both apps are available for download on Apple and Google’s app stores, underscoring the significant role of digital platforms in driving consumer behavior and market trends while providing developers with vast market opportunities.
See More
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- Siri Overhaul: Apple is set to launch its revamped AI-powered Siri assistant this month, which is expected to feature improved natural language understanding and cross-app controls, potentially enhancing user experience and driving product sales.
- Upcoming Product Releases: Apple plans to release new 14-inch and 16-inch MacBook Pros and an M5 processor-equipped MacBook Air in March, while the low-cost iPhone 17e is also expected to launch imminently, likely attracting more consumer interest.
- Sales Growth: Apple's December quarter report revealed a 23% increase in iPhone sales, propelling the stock to rise over 7% last week, outperforming Wall Street expectations and indicating strong market demand.
- Market Sentiment Shift: Despite the stock surge, retail investor sentiment quickly turned bearish after the earnings release, reflecting uncertainty about future trends, which could impact Apple's short-term stock performance.
See More
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- Record Device Base: Apple reported over 2.5 billion active devices in its Q1 2026 earnings call, highlighting the extensive consumer popularity of its products, which provides a favorable backdrop for service segment growth.
- Service Revenue Surge: The company's services revenue reached an all-time high of $30 billion, up 14% year-over-year, indicating that the blend of hardware and software creates a strong competitive advantage, especially in the age of artificial intelligence.
- Shareholder Sell-Off Signal: Warren Buffett's Berkshire Hathaway has sold Apple shares in six quarters between Q4 2023 and Q3 2025, reducing its holdings from over 900 million to 238 million, reflecting ongoing valuation concerns.
- Valuation Risks Emerge: With a current price-to-earnings ratio of 34.1, Apple is not considered a value stock, and Buffett's sell-off may suggest a shift in market perception regarding Apple's future opportunities, prompting investors to proceed with caution.
See More
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- Nasdaq Divergence: While the Nasdaq remains below key support levels, some AI-related stocks are reviving, indicating a potential rebound in tech stocks that may provide new investment opportunities for investors.
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