From Financial Modeling Prep: 2025-03-10 10:57:00

Citi analysts reaffirmed a Buy rating on Apple (AAPL) with a $275.00 price target, highlighting long-term growth prospects despite macroeconomic concerns. The much-anticipated Siri upgrade has been delayed, but Apple’s integrated ecosystem and strong active installed base position it well for sustained demand and revenue growth.

Apple is poised to benefit from gross margin expansion, driven by higher ASP in iPhone sales, deeper penetration in emerging markets, and cost reductions through in-house chip development. The growing share of high-margin services revenue is expected to boost profitability, with potential upside from new product categories like AR/VR.

Citi maintains a bullish outlook on Apple’s long-term growth trajectory, citing the company’s strong foundation, user loyalty, and revenue growth potential. Despite economic headwinds and consumer spending uncertainties, Apple’s integrated ecosystem of hardware, software, and services sets it apart and positions it for continued success in the market.



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