Investing
Add as a preferred source on GoogleThe Bank of America Securities analyst lowered his projection by nine million units while keeping his Buy rating and $370 price target unchanged.
Mohan’s FY2027 projection now stands at 247 million iPhone shipments, a reduction of nine million.
He continues to rate Apple Buy, with a $370 price target. His shipment forecast covers Apple’s fiscal year from Sept. 27, 2026, through Sept. 25, 2027.
Omdia’s shipment data cover the quarter before the reported retail slowdown, while Apple advertised online discounts through Nov. 11.
Britain’s competition regulator expects lower developer fees under the proposal. Responses are due Nov. 17.
The bank cut near-term iPhone estimates, citing changing revenue seasonality and supplier indications of smaller volume plans.
