After Apple launched the iPhone Duo, the first folding screen phone, Melius Research maintained a “buy” rating for Apple and a target price of $370, which is about 17% higher than the current stock price of about $315.34. The agency predicts that if supply permits, Apple can sell about 15 million iPhone Duos in fiscal year 2027, and believes that a production scale of several million units is feasible. Melius pointed out that the starting price of Duo is 1999 US dollars. The higher average price is expected to drive iPhone revenue growth of about 20% in the next two years, which is significantly higher than the market's current forecast for Apple's 2027 growth of about 9%. At the same time, the agency believes that Apple will continue to launch more new products later in the 2027 fiscal year, and is expected to further expand its Mac market share. Melius said that the performance expectations threshold for new CEO John Ternus at the beginning of his term was relatively low, which may provide a more favorable comparative basis for his performance at the beginning of his term.

After Apple launched the iPhone Duo, the first folding screen phone, Melius Research maintained a “buy” rating for Apple and a target price of $370, which is about 17% higher than the current stock price of about $315.34. The agency predicts that if supply permits, Apple can sell about 15 million iPhone Duos in fiscal year 2027, and believes that a production scale of several million units is feasible. Melius pointed out that the starting price of Duo is 1999 US dollars. The higher average price is expected to drive iPhone revenue growth of about 20% in the next two years, which is significantly higher than the market's current forecast for Apple's 2027 growth of about 9%. At the same time, the agency believes that Apple will continue to launch more new products later in the 2027 fiscal year, and is expected to further expand its Mac market share. Melius said that the performance expectations threshold for new CEO John Ternus at the beginning of his term was relatively low, which may provide a more favorable comparative basis for his performance at the beginning of his term.