Apple Stock Expected to Grow 17.1% Over Next Three Years

Apple stock has delivered impressive returns in recent years, growing by 31% over the past twelve months to September 30, 2026. However, investors may be wondering what's next for the tech giant. According to Trefis analysis, Apple's revenue is expected to grow at a rate of 12.1% per year over the next three years, with the company's net margin and price-to-earnings ratio (P/E) decreasing slightly.

This growth in revenue would drive Apple's stock up by 17.1% over the next three years, with all of the gain coming from increased sales. However, this scenario is heavily reliant on the continued success of Apple's iPhone and Mac products, which account for a significant portion of the company's revenue.

If revenue growth falls back to its three-year average of 6.4% per year, Apple stock would return close to nothing over the next three years. The Trefis analysis also highlights that Apple's upside is highly dependent on the iPhone and Mac product sales, with the company expecting supply constraints to impact these products in the coming quarters.