BofA Cuts Apple’s Fiscal 2027 iPhone Forecast by 9 Million Units

Bank of America Securities analyst Wamsi Mohan lowered his fiscal 2027 iPhone shipment forecast by 9 million units to 247 million, while keeping a Buy rating and a $370 price target on Apple shares. Apple’s fiscal 2027 runs from Sept. 27, 2026, through Sept. 25, 2027. The forecast cut concerns expected iPhone shipments during that fiscal year; the rating and price target for Apple shares remain unchanged. The $370 target applies to Apple common shares. Binance’s AAPLUSDT equity perpetual tracks Apple common stock and settles in Tether (USDT), but it is a separate derivative.

Source: TokenPost