*Walter Bloomberg|Jul 28, 2025 11:48
AAPL - BOFA: APPLE FACES TOUGH Q3 SETUP
Bank of America sees pressure on Apple ahead of Thursday’s earnings due to tariffs, regulatory risks, and slow AI progress. Still, it keeps a Buy rating and 235 target.
Gross margins are in focus, with 900M in tariff costs weighing on results. BofA sees Q3 revenue at 90.2B and EPS at 1.45, slightly above consensus.
Looking ahead, margins may improve with new high-end products, including a slim iPhone expected this fall.(*Walter Bloomberg)
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