On the eve of the news release, Oppenheimer maintained Apple's “neutral” rating, warning that Apple's valuation is high and that there is limited room for improvement. The agency predicts Apple's fourth fiscal quarter revenue of 112.9 billion US dollars, with earnings per share of 1.96 US dollars. Both indicators are lower than the market's agreed expectations. The agency's 2027 earnings forecast was $8.91 per share, 7% lower than market expectations, reflecting mainly slowing iPhone growth, rising memory costs, and headwinds facing the service business. Oppenheimer also predicted that the profit margin of the product sector in the December fiscal quarter would be impacted by 150 basis points.
Zhitongcaijing · 2d ago
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On the eve of the news release, Oppenheimer maintained Apple's “neutral” rating, warning that Apple's valuation is high and that there is limited room for improvement. The agency predicts Apple's fourth fiscal quarter revenue of 112.9 billion US dollars, with earnings per share of 1.96 US dollars. Both indicators are lower than the market's agreed expectations. The agency's 2027 earnings forecast was $8.91 per share, 7% lower than market expectations, reflecting mainly slowing iPhone growth, rising memory costs, and headwinds facing the service business. Oppenheimer also predicted that the profit margin of the product sector in the December fiscal quarter would be impacted by 150 basis points.
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