Apple's iPhone revenue reached $54.2 billion in fiscal Q3 2026, up nearly 22% from a year earlier, while total revenue rose 16% to $109.4 billion. The author expects iPhone to remain a growth driver, citing AI features and the newly launched foldable iPhone Duo, in a market where foldables account for about 2% of smartphones. The services unit, with more than 2.5 billion active devices, is also expected to grow with higher margins. Assuming EPS grows 13% a year and the forward P/E falls from 35.2 to 32 by 2031, the author estimates an annualized return of about 10.87%, turning $10,000 into roughly $16,752 excluding reinvested dividends. The 35.2 forward P/E is well above the information technology average of 20.2, which the author argues is justified by Apple's consistent earnings, cash flow and pricing power.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/16/2026 | 343.47 |
| Change that session | +0.43% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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