Apple(US:AAPL) Ge Long Hui·2026-02-02 06:19Core Viewpoint - Bank of America Securities believes that Apple's iPhone upgrade performance will exceed expectations despite headwinds from rising commodity prices, with gross margins continuing to rise [1] Group 1: Product Developments - The AI-powered Siri is expected to launch in 2026, and a foldable iPhone is anticipated to be released in September 2026 [1] - The installed base of devices is projected to reach a new high, contributing to positive growth [1] Group 2: Financial Projections - The revenue forecast for Apple's fiscal year ending September 2026 has been raised from $463 billion to $475 billion [1] - Earnings per share estimate has been increased from $8.26 to $8.51 [1] Group 3: Investment Outlook - The firm reaffirms a "Buy" rating for Apple, maintaining a target price of $325 [1] - Strong capital returns, leadership in the AI sector, and opportunities from new products or markets are cited as reasons for optimism regarding the company's performance in 2026 [1]