Prediction: We See a New All-Time High For Apple

"Apple has gained 4.05% over the past week, 15.41% over the past month, and 40.92% over the trailing year. The stock trades just under its 52-week high of $300.92, well above the $192.70 low set last spring. Q2 FY26 results, reported April 30, drove the move. Revenue hit $111.184 billion, up 16.6% YoY, with EPS of $2.01 beating the $1.94 estimate."

"iPhone revenue jumped to $56.994 billion on what Tim Cook called "extraordinary demand for the iPhone 17 lineup", and Services set an all-time record at $30.976 billion. Greater China revenue surged to $20.497 billion, with management noting first-half China growth of 33%. That makes eight consecutive quarters of EPS beats."

"The iPhone 17 family is, per Cook, "the most popular lineup in our history" with 99% US customer satisfaction. The installed base exceeds 2.5 billion active devices, feeding a 76.7%-gross-margin Services engine. June-quarter guidance calls for revenue growth of 14% to 17% and gross margin of 47.5% to 48.5%."

"Bulls have plenty to work with. Polymarket assigns a 84.5% probability to a foldable iPhone before 2027, a potential super-cycle catalyst. Our bull-case scenario targets $400.49 within 12 months on faster Services monetization and a sustained China rebound. Evercore ISI raised the firm's price target on Apple to $365 from $330 and keeps an Outperform rating on the shares."

Apple reported its best March quarter, raising the dividend and authorizing a new $100 billion share buyback. Revenue reached $111.184 billion, up 16.6% year over year, and EPS was $2.01 versus a $1.94 estimate. iPhone revenue rose to $56.994 billion on strong demand for the iPhone 17 lineup, while Services reached an all-time record of $30.976 billion. Greater China revenue increased to $20.497 billion, with management citing 33% growth in the first half. The stock trades near its 52-week high after eight consecutive quarters of EPS beats. Guidance calls for June-quarter revenue growth of 14% to 17% and gross margin of 47.5% to 48.5%. Risks include elevated valuation and potential macro or regional weakness.

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