BofA Reaffirms 'Buy' on Apple Ahead of iPhone 18 Launch
BofA Securities has reaffirmed its 'Buy' rating on Apple Inc. stock ahead of the expected launch of the iPhone 18 series.
The firm predicts that Apple will unveil three new iPhones: the iPhone 18 Pro, Pro Max, and a foldable model, potentially branded as Ultra or Fold.
The iPhone 18 Pro and Pro Max are expected to retain their current display sizes, while running on the A20 Pro processor and featuring larger batteries, smaller Dynamic Islands, and improved cameras. The foldable iPhone Ultra will have a book-style design with dual displays, an A20 Pro chip, 12GB RAM, and various storage options.
BofA Securities also anticipates the launch of Apple Watch Series 12 and/or Ultra 4, as well as AirPods 5. Additionally, Apple may unveil new smart-home products, including an updated Apple TV 4K and HomePod mini.