Morningstar expects Apple's fiscal 2027 iPhone revenue to grow at a high-single-digit rate, driven almost entirely by higher prices, with unit sales flat. It expects margins to compress by about two percentage points as memory costs rise, and cut its fiscal 2027 diluted EPS forecast to $9.32 from $10.47 and its revenue estimate to $520.5 billion from about $550 billion. Morningstar maintained its $290 fair value for AAPL, viewing the shares as moderately overvalued. In the fiscal fourth quarter, Apple reported revenue of $114.5 billion, up 12% and above estimates, with iPhone revenue rising 17% to $57.6 billion. Barclays raised its price target to $261 from $245 but kept an 'Underweight' rating.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Apple’s 2027 iPhone Growth To Come Almost Entirely From Higher Prices, Morningstar Says — Sees Flat Unit Sales
Read the original on Yahoo Finance ↗
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AAPL
• NeutralApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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