Apple Stock Outlook Clouded by iPhone Duo Supply Concerns
Apple's recent iPhone Duo launch has left investors with mixed reactions. The stock closed at $315.34 on September 9, down 0.28%, but traded 0.75% higher pre-market. Analysts from Melius estimated that up to 15 million Duo units will be sold in fiscal 2027, which could boost iPhone revenue growth by 20%. However, BofA reduced its target to $370 from $380 due to component-cost inflation and potential gross-margin pressure.
The Duo's supply may be limited to 8-10 million units this year due to production-yield constraints. Siri AI remains in English-only beta and is unavailable in the EU, leaving Apple's AI narrative unfinished. The company's next earnings release is scheduled for October 29, with consensus EPS of $1.98 and revenue of $113.22 billion.
Apple's stock still needs evidence that its new growth avenues can scale. A bear case scenario suggests a retreat to $250-$264 if foldable demand disappoints or AI progress remains slow.