Apple is set to report its second quarter earnings, with expectations of a decline in iPhone revenue to $45.6 billion from $45.9 billion year-over-year. The earnings call will focus on the potential impacts of President Trump's tariffs, which have been a significant concern for the tech giant. Analysts are particularly interested in how these tariffs may affect Apple's operations and financial outlook, especially as the company looks to expand its presence in India to mitigate tariff-related challenges.

The earnings report is anticipated to provide insights into Apple's strategic adjustments in response to tariff uncertainties. With tariffs mentioned frequently during the earnings call, the company's reliance on Indian operations may signal a shift in its global strategy. Investors will be keen to understand how these changes could influence Apple's market position and overall financial health in the coming quarters.