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DAX stable: Apple relies on India – stock exchanges with mixed signals!
Find out today's most important financial news, including DAX developments, company trends and market analyses.
DAX stable: Apple relies on India – stock exchanges with mixed signals!
Today, May 16, 2025, the DAX is stable and is expected to reach 23,721.50 points about an hour before the start of trading, which corresponds to an increase of 0.11 percent. The stock exchanges in the Far East, on the other hand, are mostly in the red, with the Nikkei 225 in Tokyo remaining almost unchanged at 37,755.12 points. The Shanghai Composite fell 0.52 percent to 3,363.32 points and the Hang Seng Index in Hong Kong recorded a decline of 0.81 percent to 23,262.80 points.
In the current news, US President Donald Trump's demand particularly stands out. He calls on Apple CEO Tim Cook to increase production in the US and manufacture less in India. This comes due to geopolitical tensions that are causing the company to diversify its manufacturing away from China.
Apple's change of strategy
In this context, it is worth mentioning that Apple is already taking significant steps to expand its production in India. One in seven iPhones is now produced there, which is worth $14 billion in the last fiscal year. This figure represents a doubling of production capacity compared to the previous year, as alleaktien.com reported.
The iPhones manufactured in India include models 12 to 15, while the Pro and Pro Max variants are not manufactured there. Interestingly, Apple exports the majority of iPhones produced in India, although the market there is mainly dominated by low-cost smartphones from Chinese manufacturers.
Market developments and company news
In other company news, JPMorgan has doubled its price target for RENK shares from 35 euros to 70 euros and upgraded the stock from “Neutral” to “Overweight”. This shows the increased interest and trust of investors in RENK.
The car company Volkswagen invites you to the virtual general meeting on Friday at 10 a.m. Meanwhile, shares of Meta took a hit following a report of delays in an AI model. Another worrying point for investors is the weakening gold price, which is at its lowest level in over five weeks and is threatening a significant weekly loss.
In addition, the DAX companies are recording significantly less profit and are faced with the challenge of cutting thousands of jobs. This development could have far-reaching effects on the labor market and economic stability in Germany.