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Apple posts record March quarter with iPhone 17 demand, eyes $400 stock by 2028 amid AI and Services growth.

Company Fundamentals
15 Jun 2026
24/7 Wall Street
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Bullish
pluang ai news

Apple reported its best March quarter ever, driven by strong iPhone 17 sales and record Services revenue of $30.98 billion. Despite this, the stock has been volatile, trading near $291.13 with a 7.29% gain year-to-date but recent declines due to valuation concerns and tariff risks. Analysts see potential upside to $335, with a bullish case for $400 by 2028 if Services growth continues, AI-powered Siri boosts upgrades, and buybacks reduce shares. Risks include tariff shocks that could hurt hardware margins.

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