Apple Stock Outlook: Is Wall Street Bullish or Bearish?

Core Insights - Apple Inc. is experiencing record growth, driven by strong sales of its latest iPhone models and expanding services revenue, with a market capitalization close to $4 trillion [1] - The stock has gained 15.3% over the past 52 weeks and 7.4% year-to-date, reaching an all-time high of $269.89 on Oct. 28 [2] - Despite gains, Apple stock has underperformed compared to the S&P 500 Index and the Technology Select Sector SPDR Fund [3] Financial Performance - In Q3, Apple reported a revenue growth of 9.6% year-over-year to $94.04 billion, exceeding Wall Street expectations of $89.53 billion [4] - The quarterly EPS was $1.57, up 12.1% year-over-year, also higher than the expected $1.43 [4] - For the fiscal year ending September 2025, analysts expect EPS to grow 9% year-over-year to $7.36, and by 6.8% to $7.86 in fiscal 2026 [6] Business Operations - CEO Tim Cook noted double-digit growth in iPhone, Mac, and Services, with expansion across all segments [5] - Apple is increasing U.S. manufacturing investments as part of a $600 billion commitment, enhancing its supply chain and technological leadership [1] - The company anticipates incurring about $1.10 billion in tariff costs in Q4 [5]