Craig Moffett of MoffettNathanson warns Apple's valuation, about 36 times forward earnings, leaves little room for disappointment ahead of its fiscal Q4 report on Monday. With an earnings yield of about 2.8%, roughly half the Treasury yield, and shares up about 27% this year, investors may have priced in too much safety. His bigger concern is that higher memory costs have lifted base device prices by about $100 and carriers have not offset them with promotions, so consumers may delay upgrades. Wall Street expects EPS of $1.98 on revenue of $113.25 billion. Deepwater's Gene Munster forecasts 20 million iPhone Duo units in FY27, versus the Street's roughly 12 million.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Apple’s Biggest Threat Isn’t Android — It’s AAPL's Own Devices, Analyst Says Ahead Of Q4 Earnings
Read the original on Yahoo Finance ↗
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AAPLvaluationearningstech stockssemiconductors
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/30/2026 | 344.79 |
| Change that session | -1.18% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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