Bank of America Raises Apple's Earnings Per Share Forecast

Deep News00:51

Focus on US Stocks: Q1 2026 Earnings Reports

On Tuesday, October 28, 2025: An exterior view of the Apple Fifth Avenue store in New York City, USA.

Analysts at Bank of America have increased their revenue forecast for Apple for the 2026 fiscal year from $468.7 billion to $469.8 billion. They have also raised their expected earnings per share from $8.61 to $8.63, while keeping their target stock price unchanged at $380.

This upward revision follows comments from Apple CEO Tim Cook in an interview, where he indicated that product prices would be increased due to a shortage of memory chips.

The analysts wrote in their research report: "CEO Cook confirmed that price adjustments will be used to alleviate pressure. Combined with the continued rise in memory chip prices, we expect Apple to raise the prices of its Pro and Pro Max model devices by another $100."

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