Reported about 1 month ago
Analysts are revising their forecasts for Apple's stock in light of the strong demand for iPhone shipments, particularly the new iPhone 16. Loop Capital has increased its iPhone revenue estimate to $49.3 billion, reflecting better-than-expected performance in a competitive market. While Apple's iPhone business remains a significant revenue driver, analysts are aware that the company's valuation may be higher than historical averages, leading to continued scrutiny as Apple prepares to announce its Q4 earnings.
Source: YAHOO