Apple's shares have experienced an uptick despite a reported decline in iPhone sales in China. Analysts at Bank of America (BofA) maintain a 'Buy' rating on Apple (AAPL), with a price target of $265. They assess the potential impact of the recently imposed 10% tariff on imports from China as manageable. The tariff, which could affect approximately 33% of Apple's iPhone sales, is expected to have a negative impact of around 4% on the company's earnings, regardless of whether Apple or consumers bear the cost. Despite these challenges, Apple reported record quarterly revenue, although it faced criticism for losing market share in China. The uncertainty remains regarding whether Apple will receive an exemption for the iPhone from the new tariffs, as it did in previous tariff cycles during the Trump administration.