JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Apple (NASDAQ:AAPL) Stock
JP Morgan said the cuts fit Apple’s usual launch pattern and forecast 8.5 million iPhone Duo units this quarter.
- JP Morgan raised its Apple price target to $360 on Wednesday, maintaining an Overweight rating despite recent production cut reports for the iPhone 18 Pro.
- Last Friday, Nikkei Asia reported that Apple had told select suppliers to cut component production for the iPhone 18 Pro and the iPhone 18 Pro Max due to soft demand.
- JP Morgan analysts argue the production cut is a typical adjustment following major launches, noting that iPhone 18 Pro models are seeing higher demand than iPhone 17 Pro models did last year.
- Apple's first foldable device, the iPhone Duo, becomes available next week, with JP Morgan analysts projecting around 8.5 million units sold before year-end.
- Despite forecasting a roughly 2% decline in iPhone revenue due to the missing regular iPhone 18, JP Morgan expects the new foldable will offset the shortfall in overall revenue.
15 Articles
15 Articles
JP Morgan: demand for iPhone 18 Pro models is stronger than for the 17 Pro models last year
Analysts are sending mixed signals – sales of the iPhone 18 Pro models in China are stronger than those of the 17 Pro models and yet Apple is reportedly cutting component orders due to weak demand. The analysts at JP Morgan are saying that there’s nothing to worry about. In a note to investors, the analysts say that the production cut is a fairly typical adjustment for Apple after a big iPhone launch. They blame it on the split launch – Apple la…
JP Morgan dismisses iPhone cuts report, hikes AAPL target to $360
Financial analysis firm JP Morgan has told investors to ignore reports of low iPhone 18 Pro demand and has raised its target price by $20 to $360.Demand for iPhone 18 Pro is not as low as other reports claim, say JP Morgan analystsBack in July 2026, JP Morgan lowered its target price to $340 on concerns about supply constraints. Now that there are reports of Apple cutting orders over low demand, though, the firm is raising its target and telling…
Just How Sustainable is Apple's $340 Price Ahead of Oct. 29 Earnings?
Apple beat earnings eight times in a row and the stock still fell after every single report. With the shares trading above Wall Street's consensus target and memory costs hitting once-in-a-century levels, something has to give heading into October 29.
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