1. iPhone 17 Demand vs. Margin-To The Moon - Tiger Brokers Online Investing Community - To The Moon

這是甚麼東西

1. iPhone 17 Demand vs. Margin Pressure

JPMorgan's Samik Chatterjee is betting that volume and mix will win the tug-of-war against rising component costs JPMorgan via AppleInsider.

The "Beat" Logic: While memory (NAND/DRAM) prices are rising, Apple’s shift toward the iPhone 17 Pro/Pro Max and the rumored high-end iPhone 17 "Air/Slim" allows for higher Average Selling Prices (ASPs).

Cost Control: Apple is famously aggressive with suppliers. JPM notes that lower operating expenses (OpEx) will act as a secondary buffer, helping protect the bottom line even if gross margins face a slight "memory headwind" Nasdaq.

2. Is a Beat Enough to Reverse Underperformance?

Apple has been a laggard compared to the "Magnificent 7" recently, but a Q1 beat could be the catalyst for a trend reversal for two reasons:

Valuation Reset: Apple is trading at roughly 30x forward earnings, which JPM considers a "compelling entry point" compared to its peak multiples during the last major upgrade cycle Investing.com.

The "AI" Clarity: Investors aren't just looking at hardware units; they want to hear about Apple Intelligence monetization. If Tim Cook provides a clear roadmap for AI-driven services, it could trigger a massive rotation back into the stock MarketWatch.

The Bottom Line: A beat confirms that the "iPhone super-cycle" is real. If they guide for steady margins despite the memory costs, the $315 target looks achievable.

JPM Expects Apple to Beat! Can Strong iPhone 17 Demand Offset Margin Pressure?

JPMorgan Chase expects Apple to beat market expectations in FY26 Q1, citing stronger-than-expected iPhone demand and lower operating expenses. The bank reiterated an Overweight rating and raised its price target to $315 from $305 ahead of Apple’s earnings on Thursday. Can strong iPhone 17 demand offset margin pressure from higher memory costs? If Apple beats expectations, is this enough to reverse recent underperformance?

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Is a Beat Enough to Reverse Underperformance?</p>\n<p>Apple has been a laggard compared to the \"Magnificent 7\" recently, but a Q1 beat could be the catalyst for a trend reversal for two reasons:</p>\n<p>Valuation Reset: Apple is trading at roughly 30x forward earnings, which JPM considers a \"compelling entry point\" compared to its peak multiples during the last major upgrade cycle Investing.com.</p>\n<p>The \"AI\" Clarity: Investors aren't just looking at hardware units; they want to hear about Apple Intelligence monetization. If Tim Cook provides a clear roadmap for AI-driven services, it could trigger a massive rotation back into the stock MarketWatch.</p>\n<p>The Bottom Line: A beat confirms that the \"iPhone super-cycle\" is real. If they guide for steady margins despite the memory costs, the $315 target looks achievable.</p></body></html>","text":"1. iPhone 17 Demand vs. Margin Pressure JPMorgan's Samik Chatterjee is betting that volume and mix will win the tug-of-war against rising component costs JPMorgan via AppleInsider. The \"Beat\" Logic: While memory (NAND/DRAM) prices are rising, Apple’s shift toward the iPhone 17 Pro/Pro Max and the rumored high-end iPhone 17 \"Air/Slim\" allows for higher Average Selling Prices (ASPs). Cost Control: Apple is famously aggressive with suppliers. JPM notes that lower operating expenses (OpEx) will act as a secondary buffer, helping protect the bottom line even if gross margins face a slight \"memory headwind\" Nasdaq. 2. Is a Beat Enough to Reverse Underperformance? Apple has been a laggard compared to the \"Magnificent 7\" recently, but a Q1 beat could be the catalyst for a trend reversal for two reasons: Valuation Reset: Apple is trading at roughly 30x forward earnings, which JPM considers a \"compelling entry point\" compared to its peak multiples during the last major upgrade cycle Investing.com. The \"AI\" Clarity: Investors aren't just looking at hardware units; they want to hear about Apple Intelligence monetization. If Tim Cook provides a clear roadmap for AI-driven services, it could trigger a massive rotation back into the stock MarketWatch. The Bottom Line: A beat confirms that the \"iPhone super-cycle\" is real. 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