📰 $AAPL: Analyst Samik Chatterjee from JPMorgan predicts Apple will exceed September quarter forecasts but offer weaker December guidance. iPhone 16 sales started slower than iPhone 15, with a modest recovery not enough to surpass last year’s sales. Thus, they expect lower iPhone revenue in Q1. Despite this, they maintain an Overweight rating on Apple with a $265 target price.

$AAPL: Analyst Samik Chatterjee from JPMorgan predicts Apple will exceed September quarter forecasts but offer weaker December guidance. iPhone 16 sales started slower than iPhone 15, with a modest recovery not enough to surpass last year’s sales. Thus, they expect lower iPhone revenue in Q1. Despite this, they maintain an Overweight rating on Apple with a $265 target price.