The Apple logo was photographed at the Apple Store on 5th Avenue in Manhattan.
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Wall Street is gearing up for Apple’s third quarter results after the Bell, with users of the forecasting platform betting on the iPhone maker’s upcoming revenue calls.
Late at night on Thursday, Karshi was on the phone, referring to words like “China” and “Tax” and about 90% of the time that Apple called, “retirement” references were priced at over 50%.
Betting on this question led to nearly $43,000 in trading volume.
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Apple has been under pressure in recent months to boost domestic manufacturing. In May, President Donald Trump said Apple must pay more than 25% tariffs on iPhones that are not made in the US.
The company has since tried to ease some of the pressure, and announced earlier this week that it would open a manufacturing academy in downtown Detroit next month.
However, analysts say that US-made iPhones cost more devices. This is because some estimates range from $1,500 to $3,500. The company manufactures most iPhones primarily in China, but has expanded production to India amid uncertainty surrounding the Trump administration’s tariffs.
The move is clearly entrenched as a report released this week showed India outperformed China in smartphone exports in the second quarter.
Barclays analyst Tim heads towards its printing when the iPhone “struggles” due to a “rough” macroeconomic background, lack of traction in new products and features, and a loss of market share in China.
“According to Apple, the majority of iPhones sold in the US are expected to have India as their origin for June Q, and almost all iPads, Macs, Apple Watches and Airpods sold in the US are expected to ship from Vietnam for Q,” he wrote. “We expect AAPL to adopt other mitigation efforts, and we expect to erode demand before it changes to a pricing action.”
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In addition to commentary related to Chinese tariffs, Kalshi users are hoping for some discussion about the most popular series “Severance” on Apple TV+.
The season 2 finale was officially renewed for the third season shortly after it aired in March.
Another word in the entertainment industry, like “Formula 1/F1,” was odds of 87% among users. “F1: The Movie” has generated over $293 million worldwide just days after its release, making it Apple’s best theatrical film.
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Apple vs. S&P 500, from the beginning of the year
Apple’s shares were near the flatline at noon trading Thursday. This has resulted in a decline since the start of the year to almost 17%, with the S&P 500 rising at over 8%.
The company’s third quarter revenue calls are scheduled for Thursday at 5pm after quarterly results were announced. Analysts surveyed by LSEG hope that Apple will see a single-digit increase in quarterly revenue and revenue compared to the previous year.
