Analysts at JP Morgan are looking more favorably at Q2 results, predicting that Apple may actually see increased revenue in Q3 thanks to short-term effects of the ongoing U.S.-China tariff battle.

Since President Donald Trump rolled out his tariffs earlier this month, he has defended them as a necessary step to bring manufacturing back to America. Apple is now reportedly planning to move their iPhone assembly out of China -- but still isn't bringing it to the U.

Apple is planning to redirect the production of its U.S.-sold iPhones from China to India, possibly by next year, the Financial Times reported on Friday