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Apple's Sept. 9 event highlights foldable iPhone and strong financials amid memory cost challenges

Market News
07 Sep 2026
24/7 Wall Street
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Bullish
Apple's Sept. 9 event highlights foldable iPhone and strong financials amid memory cost challenges

Apple's September 9 event is set to unveil the iPhone 18 Pro with advanced 2nm chips and the debut of a foldable iPhone, signaling continued innovation. Despite challenges like rising memory costs and exposure to China tariffs, Apple reported strong Q3 FY2026 results with $109.42 billion revenue and $29.79 billion net income, driven by a robust Services segment and effective pricing power. The company also continues rewarding shareholders through substantial buybacks and dividends, reinforcing confidence in its long-term growth and cash return strategy. Investors see this event as a confirmation of Apple's resilient business model and expanding product moat.

More News (AAPL)

Apple stock set to rise 16% as strong iPhone demand and AI boost outlook

Apple stock set to rise 16% as strong iPhone demand and AI boost outlook

Apple's stock is predicted to rise about 16% over the next year, driven by strong iPhone 17 demand and new AI features like the upgraded Siri. Despite Wall Street's consensus target being below current prices, Apple's consistent earnings beats and ag...

Analyst Insights
Bullish
4 hours ago
Apple's AI strategy drives 9th straight earnings beat, boosting growth without heavy spending.

Apple's AI strategy drives 9th straight earnings beat, boosting growth without heavy spending.

Apple has achieved its ninth consecutive earnings per share beat, driven by a unique AI strategy that leverages on-device processing across 2.5 billion active devices instead of costly data centers. This approach helps Apple maintain low capital expe...

Company Fundamentals
Bullish
5 hours ago
Fidelity Blue Chip Growth ETF upgraded to BUY on AI momentum and strong earnings outlook.

Fidelity Blue Chip Growth ETF upgraded to BUY on AI momentum and strong earnings outlook.

The Fidelity Blue Chip Growth ETF (FBCG) has been upgraded to a BUY rating due to renewed momentum in AI-related blue chip stocks and attractive valuations compared to the Russell 1000 Growth index. The ETF's portfolio is heavily concentrated, with 5...

Analyst Insights
Bullish
7 hours ago
JPMorgan rates Apple 'Buy' with $340 target despite weaker iPhone demand and limited upside.

JPMorgan rates Apple 'Buy' with $340 target despite weaker iPhone demand and limited upside.

JPMorgan assigned a 'Buy' rating to Apple with a price target of $340, acknowledging recent rumors of order cuts and slower iPhone Pro Max delivery times, mainly outside the U.S. Apple forecasted slower revenue growth of 9%-11% for the September quar...

Analyst Insights
Neutral
10 hours ago
Apple to launch HomeView, a new smart home hub with Siri and A18 chip, plus updated Apple TV and HomePod mini.

Apple to launch HomeView, a new smart home hub with Siri and A18 chip, plus updated Apple TV and HomePod mini.

Apple will announce the HomeView, a new smart home hub powered by Siri and an A18 chip, designed to control other smart home devices. The device will come in two models, one for countertops and another for wall mounting, marking Apple's strongest pus...

Market News
Bullish
22 hours ago
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