Gene Munster of Deepwater Asset Management believes current Street estimates for Apple's FY27 iPhone revenue are too conservative, primarily due to the strong performance of the iPhone 18 Pro/Pro Max and the anticipated impact of the new foldable Duo model. He projects the Duo could significantly boost iPhone revenue due to its higher average selling price and market share potential.
This filing highlights an analyst's bullish outlook on Apple's iPhone revenue for fiscal year 2027, specifically citing the success of the iPhone 18 Pro/Pro Max and the upcoming foldable Duo. Gene Munster believes current Street estimates are 10% too low, largely because they may not fully account for the higher average selling price and potential market penetration of the Duo. This is a positive signal for Apple investors, suggesting potential upside to future earnings, and could lead to upward revisions in analyst price targets. The short-term implication is increased investor confidence, while long-term, it reinforces Apple's ability to drive revenue through premium product offerings, despite potential market saturation concerns.