Apple Inc.

A federal judge ruled Apple in violation of antitrust law, requiring changes to App Store payment practices and potentially reducing their revenue stream [1], [2]. This ruling also carries the risk of further legal action and penalties, impacting Apple's profitability and market performance. While Apple plans to appeal, this decision weakens their control over their app ecosystem and emboldens developers [2]. Separately, Apple received a tariff exemption on key product lines, shielding them from increased costs and bolstering investor confidence [4]. Despite this positive news, declining earnings estimates for fiscal 2025 and 2026 led to a "Sell" rating from Zacks [6].