Apple Earnings Forecast Revised Upwards by Erste Group Bank

Analysts at Erste Group Bank have revised their earnings forecast for Apple (NASDAQ:AAPL) upwards, predicting $8.84 in earnings per share for FY2026, a 9-cent increase from their previous estimate of $8.75.

This revision comes as the tech giant continues to perform strongly, with its latest quarter exceeding earnings and revenue expectations.

Despite some concerns about rising memory prices and supply constraints, Apple's core business momentum remains strong, with broad iPhone, Mac, and Services demand supporting a bullish case for the company.

The company's App Store revenue has also shown resilience, increasing slightly despite a 4% decline in iPhone and iPad downloads, as revenue per download rose 4.7%.