Bernstein lowers Apple's EPS forecast to 2.87 USD, warning that memory costs will squeeze margins
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AT A GLANCE
Bernstein said rising memory costs may reduce Apple's December quarter iPhone margin.
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Bernstein: Rising memory-chip costs may pressure Apple's quarterly results; lowers EPS forecast to 2.87 USD BlockBeats news:September 25, Bernstein wrote that a substantial increase in memory-chip costs could put pressure on Apple's December quarterly iPhone margin and create a risk of results falling short of expectations. The institution has lowered its Apple earnings per share (EPS) forecast from 3 USD to 2.87 USD, below the market consensus expectation of 2.92 USD.
Despite expecting near-term margin pressure, Bernstein maintains its "Outperform" rating on Apple and its 370 USD price target, and believes Apple remains an important gateway for consumer AI.
Original link https://m.theblockbeats.info/flash/369011
Key points
01
Bernstein said that a substantial increase in memory-chip costs could put pressure on Apple's December quarterly iPhone margin.
02
Bernstein lowered its Apple earnings per share forecast from 3 USD to 2.87 USD。
03
2.87 USD Below the market consensus expectation of 2.92 USD。
04
Bernstein maintains its "Outperform" rating on Apple and its 370 USD price target.
05
Bernstein believes Apple remains an important gateway for consumer AI.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This news item states that rising memory-chip costs could squeeze Apple's iPhone margin, prompting Bernstein to lower its Apple earnings per share forecast.
Why it matters to readers
If the related cost pressure materializes, Apple's December quarterly margin and earnings per share could fall below prior expectations.
Memory costs,iPhone margin, and whether Apple's actual earnings per share meet expectations may be monitored.
Risks and unknowns
The evidence does not provide Bernstein's original report, so the forecast revision cannot be independently verified.
The evidence does not state how long the rise in memory-chip costs will persist.
Apple has not confirmed any impact on margin or earnings per share in the evidence.
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EPS
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