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Apple rated Buy before earnings; iPhone Duo's holiday sales seen as key growth driver.

Company Fundamentals
29 Oct 2026, 09:43 WIB
Seeking Alpha
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Bullish
Apple rated Buy before earnings; iPhone Duo's holiday sales seen as key growth driver.

Apple is rated a Buy ahead of its upcoming earnings report, driven by strong expectations for the new iPhone Duo's holiday sales. Although the iPhone Duo launched late in October and won't fully appear in this quarter's numbers, it could add $7 billion in holiday revenue. However, Apple's stock is considered richly valued with a forward P/E of 37x against modest 7% EPS growth estimates, making it sensitive to future guidance. Investors will closely watch December guidance for signs of 10%+ revenue growth and gross margins above 47%, which would confirm the iPhone Duo's positive impact and margin strength despite rising memory costs that could pressure 2027 earnings growth.

Apple's market cap stands at $5.07 trillion as of Oct 29, 2026, 14:01 WIB, reflecting its massive scale despite a modest dividend yield of 0.31%. On Pluang, the stock trades at USD 346.58 with a 0.80% gain on the day, while typical investors hold their shares for about 145 days. This context highlights the stock's high valuation and active trading as investors anticipate the impact of the new iPhone Duo on upcoming earnings.

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