** 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

(Reporting by Johann M Cherian in Bengaluru)

((johann.mcherian@thomsonreuters.com))