Apple's market value passed $5 trillion, with shares at $344.61 and within 0.2% of the 52-week high of $345.34. Fiscal third-quarter revenue rose 16.4% to $109.42 billion, EPS of $2.02 beat the $1.89 estimate, Services grew 12% to $30.7 billion, and Apple bought back $25.8 billion of stock. Bulls point to iPhone 17 demand, Siri AI and a possible foldable iPhone, with 25 buy ratings and a bull case of $449.16. Bears cite memory costs that Cook called “a 100-year flood,” September-quarter gross margin guidance of 47% to 48% versus 50.1%, and a consensus target of $328.61 below the current price, with 6 sell ratings. The article compares Apple's 35x multiple with Microsoft at 25x forward earnings and Alphabet at 23x, and presents the 24/7 Wall St. target of $395.69.
Summary written by Upside AI from the original article. Read the source for full details.
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Related tickers and likely impact
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/13/2026 | 341.27 |
| Change that session | +0.09% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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