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      Bernstein Lowers Apple Earnings Forecast Amid Rising Costs

      Bernstein Research has revised its earnings per share (EPS) forecast for Apple Inc., reducing it from $3.00 to $2.87 for the upcoming December quarter. This adjustment comes as the firm highlights concerns over increased memory-chip costs, which are expected to negatively impact profit margins for the iPhone.

      Despite the lowered forecast, Bernstein has maintained its Outperform rating on Apple shares and set a price target of $370. The firm argues that Apple continues to play a significant role as a gateway to consumer artificial intelligence, suggesting confidence in the company's long-term prospects despite short-term challenges.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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