Apple (AAPL) 06 (Aug 23 - Dec 26)

[behappyalways]

Apple Rises After Shocking China Sales Beat Offsets US Revenue Miss
https://www.zerohedge.com/markets/apple ... venue-miss

[winston]

not vested

Apple Inc - Stock Analyst Research
Target Price* 260.00
Recommendation NEUTRAL

Apple Inc. - Booming iPhone 17 VS soaring memory costs

1Q26 revenue and PATMI were within our expectations.

Revenue grew 16% YoY, fastest growth in four years, mainly driven by growth in iPhone (+23% YoY) and China market (+38% YoY).

1Q26 revenue/PATMI were at 31%/34% of our FY26e forecasts.

Demand for the iPhone 17 lineup remains strong, with current demand outpacing supply.

Management guided 2Q26e revenue growth of 13–16% YoY, supported by continued iPhone sales momentum. Rising memory costs are expected to become more pronounced in the coming quarters, posing a margin headwind in the long run.

We raise our FY26e revenue and PATMI assumption by 2% and 3%, respectively, to account for the strong growth in iPhone 17.

We have also increased our terminal growth rate from 3.0% to 3.5% to reflect the long-term monetization potential from AAPL’s collaboration with Gemini, which strengthens Apple Intelligence and supports sustained ecosystem engagement.

We upgrade our recommendation from REDUCE to NEUTRAL, raising the DCF target price to US$260 (prev. US$230). WACC of 6.5% remains unchanged.

We remain cautious on AAPL, as the stock is still in a “prove-it” phase, particularly at a ~30.7x forward FY26 P/E. Ultimately, AAPL’s ability to sustain product-led growth and execute a successful Siri rollout will be critical to underpinning its current valuation.

Source: Phillips

https://www.poems.com.sg/stock-research/AAPL/

[behappyalways]

Apple Races To Build Smart Glasses To Take On Meta AI Ray-Bans
https://www.zerohedge.com/technology/ap ... s-ray-bans

[behappyalways]

Apple's 50th Anniversary: ​​Garage → Tech Giant, iPhone's Most Accomplished Achievement!

蘋果50周年 車庫→科技巨頭 iPhone最具成就!｜方念華｜FOCUS全球新聞20260401 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=KrrsbcU5F5M

[behappyalways]

Tim Cook Stepping Down As Apple CEO; John Ternus, Head Of Hardware, Will Take Over
https://www.zerohedge.com/markets/tim-c ... -take-over

[behappyalways]

Cook steps down; who will lead Apple in the AI ​​era? Hardware Engineering VP Turner takes over.

庫克卸任 AI時代誰將領導蘋果? 硬體工程副總裁特納斯接任｜方念華｜FOCUS全球新聞20260421 ‪@tvbsfocus‬

https://m.youtube.com/watch?v=OIg-Bp7Zp_8

[winston]

not vested

Apple's Foldable iPhone Foray: A Real Needle Mover or Hype Train?

by Leo Miller

Key Points

After seeing record-breaking demand for the iPhone 17 lineup, Apple is gearing up to release its first foldable phone

Analysts expect Apple to take significant foldable market share during 2026

However, the size of the foldable market raises questions about how impactful this endeavor could be

Source: Market Beat

[winston]

not vested

Apple’s Earnings Make $300 Look Like a Matter of When, Not If

By Sam Quirke

Key Points

Apple delivered another strong quarter, with record Services revenue and a solid earnings and guidance beat.

A $100B buyback and dividend increase underline management’s confidence in the business.

With bullish price targets pointing to $350, the path back to $300 is becoming increasingly clear.

Source: Market Beat

[winston]

not vested

Apple Inc - Stock Analyst Research
Target Price* US 280.00
Recommendation NEUTRAL

Apple Inc. - Great earnings shadowed by rising memory cost

Both 2Q26 revenue and PATMI exceeded our expectations.

Revenue grew 16.6% YoY, the fastest growth in four years, mainly driven by faster-than-expected growth in iPhone (+22% YoY) and the China market (+28% YoY). 2Q26 revenue/PATMI were at 55%/56% of our FY26e forecasts.

Strong demand for iPhone 17 and MacBook continues, with demand exceeding supply.

Management guided 3Q26 revenue growth of 14–17% YoY, supported by continued strength in iPhone and MacBook. However, rising memory costs are expected to intensify in the coming quarters, presenting a longer-term margin headwind.

We maintain our NEUTRAL recommendation, with a higher DCF target price of US$280 (prev. US$260).

We raise our FY26e revenue and PATMI assumptions by 2% and 1%, respectively, to account for stronger-than-expected iPhone 17 growth.

WACC of 6.5% and terminal growth of 3.5% remains unchanged.

AAPL’s ability to sustain product-led growth while translating its AI investments into meaningful user adoption and monetisation will be key to supporting its valuation.

Source: Phillips

https://www.poems.com.sg/stock-research/AAPL/

[behappyalways]

Apple Shares Jump On Report Next iOS Will Allow Users To Choose Rival AI Models
https://www.zerohedge.com/technology/ap ... -ai-models