** Shares of iPhone maker Apple AAPL.O drop as much as 0.72% to $209.75 premarket after U.S. President Donald Trump says tariffs of 25% to be imposed on India on August 1, versus 26% announced earlier
** Apple has a global supply chain and shifted production of U.S.-bound iPhones to India from China following rollout of U.S. tariffs on April 2, drawing more criticism from Trump
** Reuters reported earlier that nearly all the iPhones exported by Apple's supplier Foxconn 23.17.TW from India went to the United States between March and May
** Apple will report quarterly results on Thursday after markets close, with analysts expecting a 4.2% rise in revenue to $89.34 bln
** Thirty-three of 50 brokerages rate the stock "buy" or higher, 14 "hold" and three "sell" or lower; their median PT is $235, according to LSEG data
** Apple has been a laggard among other megacap stocks on Wall Street, down 15% this year compared with the Nasdaq 100 index's .NDX 11% rise as it struggles to catch up in the AI race
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