Apple(US:AAPL) Ge Long Hui·2026-02-09 08:25Core Viewpoint - The report from Daiwa indicates that Apple's fiscal Q1 performance significantly exceeded expectations, with a year-on-year revenue growth of 16% to $143.8 billion, surpassing forecasts by $5 billion. Earnings per share were $2.84, exceeding expectations by $0.17 [1] Group 1: Financial Performance - Apple's fiscal Q1 revenue reached $143.8 billion, a 16% year-on-year increase, exceeding expectations by $5 billion [1] - Earnings per share for the same period were $2.84, which is $0.17 higher than anticipated [1] Group 2: Future Guidance - For the fiscal Q2 ending March, Apple expects revenue growth of 13% to 16% year-on-year [1] - Daiwa raised its revenue forecast for the fiscal year ending September from $455 billion to $466 billion and adjusted earnings per share from $8.26 to $8.47 [1] Group 3: Supply Chain Concerns - Three main issues noted by Daiwa include memory supply, memory costs, and sales in the Chinese market [1] - Despite inquiries, Apple's CEO Tim Cook refrained from commenting on memory supply issues beyond the Q2 guidance [1] Group 4: Long-term Outlook - Daiwa increased its revenue forecast for the fiscal year 2027 from $482 billion to $489 billion, with earnings per share adjusted from $9.12 to $9.13 [1] - The report emphasizes Apple's strong ecosystem as a significant advantage, suggesting that the company can outperform competitors despite concerns regarding memory supply in late 2026 and 2027 [1] Group 5: Target Price Adjustment - Daiwa raised its target price for Apple from $300 to $310 while maintaining an "outperform" rating [1]