Melius Sees Apple's iPhone Duo as Catalyst for 20% Revenue Growth

Melius Research reaffirmed its buy rating on Apple Inc. (AAPL) after attending the product launch event for the iPhone Duo in Cupertino, California.

The research firm believes that Apple could sell 15 million iPhone Duo units in fiscal year 2027 if supply allows, with mid-teens production builds appearing possible.

This would drive iPhone revenue growth of 20% over the next two years, compared to the current consensus estimate of 9% growth for fiscal 2027.

Apple has already posted 14% revenue growth over the last twelve months, and Melius expects this trend to continue with the launch of additional products later in fiscal 2027.