Apple Q4 Earnings Preview: Goldman Sachs Analyst Anticipates Big Earnings Beat, Resilient iPhone 16 Demand

A Goldman Sachs analyst has forecasted stronger-than-expected fourth-quarter results for Apple Inc (NASDAQ:AAPL) ahead of its Oct. 31 release.

The Apple Analyst: Analyst Michael Ng reiterated a Buy rating on Apple and maintained its price target at $275.

Earnings Preview: Ng is bullish on Apple’s potential to beat earnings expectations in the short term. For the quarter, the analyst projects earnings-per-share of $1.61, higher than Wall Street’s consensus of $1.57. Ng also projects revenue of $94.5 billion, higher than the consensus $93.6 billion.

iPhone Takeaways: Ng cited the continued demand for older models of the iPhone as a plus. He also mentioned ...