＜Research＞G Sachs Raises Apple (AAPL.US) TP to US$265 on iPhone Shipment Hike Forecast

　　Goldman Sachs released a research report expecting Apple Inc. (AAPL.US) 's EPS for the third financial quarter ended June to be US$1.36, higher than the market consensus of US$1.33.

　　Revenue is expected to grow 4% YoY to US$85.1 billion. It is expected that the iPhone revenue will fall by 5% YoY to US$37.8 billion during the quarter. The revenue growth in iPad and iMac will be 23%/ 13% each, along with an expected incline of 15% YoY for service revenue.

　　Under the replacement cycle driven by the AI system Apple Intelligence and new product innovation, Goldman Sachs expected FY2024-FY2026 iPhone shipments to increase to 230 million/ 240 million/ 256 million each, according to the report.

　　Goldman Sachs raised its FY2024-FY2026 EPS forecasts for Apple by an average of 1%, reflecting a higher iPhone revenue outlook for FY2026. The broker elevated its target price from US$238 to US$265, with rating at Buy.

　　(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)