Apple Q4 Due Nov 2 as Analyst Lifts Foldable iPhone Duo Forecast to 20M Units
AAPL sits 43% above its 52-week low of $243.42.
Summary
Apple reports fiscal Q4 after the close on Nov 2, with consensus around $113.2B in revenue and $1.98 EPS — a bar set after last quarter's beat and the soft Q4 guide that knocked shares down roughly 8-10% in late July. The more actionable item is Gene Munster lifting FY27 iPhone Duo shipments to 20M units from about 12M, with the higher-priced model adding roughly $8B to FY27 iPhone revenue. That is a direct offset to the component-cost and memory-price warnings that drove the summer selloff. First-day lines for the foldable iPhone Duo were strong, and Cook publicly welcomed early buyers, while iPhone 18 Pro lead times eased and Pro Max demand ran hotter, with supply still constrained. The stock is near its 52-week high into the print, so the guide for the December quarter matters more than the Q4 number itself.
At the time of this announcement, AAPL was trading at $347.61 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.1T. The 52-week trading range was $243.42 to $351.73. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.