BofA Securities released a research report expecting Apple (AAPL.US) to report a higher-than-expected revenue performance, mainly due to earlier demand due to tariff concerns.

The broker slightly raised its revenue forecasts for March and June quarters for Apple, meanwhile lowering its revenue forecasts further out to reflect higher costs on a more complex supply chain and delays in the launch of AI-enabled Siri.

BofA Securities adjusted its FY2025/ FY2026 revenue projections for Apple to US$412 billion/ US$440 billion from US$411 billion/ US$450 billion , and its EPS estimations to US$7.25/ US$7.82 from US$7.3/ US$8.2, respectively. Meanwhile, the broker chopped its target price for Apple from US$250 to US$240, with rating kept at Buy.
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AAStocks Financial News
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