AAPL market-structure snapshot
Latest close on August 7, 2026: $313.33 (+0.3% on the latest daily bar). HMA21 / HMA55: $311.76 / $330.89. 200DMA: $279.41. Relative volume: 0.61x the 20-day average.
Latest close on August 7, 2026: $313.33 (+0.3% on the latest daily bar). HMA21 / HMA55: $311.76 / $330.89. 200DMA: $279.41. Relative volume: 0.61x the 20-day average.
AAPL latest SEC/Yahoo fundamental and valuation snapshot
Latest comparable filing period: 2026 Q3 ending 2026-06-27; filed 2026-07-31. Comparable growth: revenue +16.4% YoY; net income +27.1% YoY; diluted EPS +28.7% YoY.
Latest comparable filing period: 2026 Q3 ending 2026-06-27; filed 2026-07-31.
Comparable growth: revenue +16.4% YoY; net income +27.1% YoY; diluted EPS +28.7% YoY.
Quality and cash conversion: net margin 27.2% (+230 bp YoY); YTD SEC free-cash-flow proxy $110.20B (+52.5% YoY).
Valuation snapshot: trailing P/E 36.0x; forward P/E 32.9x; EV/EBITDA 27.4x; P/S 9.8x.
Net income grew faster than revenue, indicating positive earnings leverage in the comparable period.
Cash generation improved versus the comparable period.
China Smartphone June Tracker: 618 Promotions Drive a Rebound, but Inventory Risks Persist; the Mid-Range Market Becomes a Key Battleground (Bernstein)
Bernstein’s China smartphone monthly tracker shows that June China smartphone sell-through reached 28 million units, rebounding sharply by 62% month over month and increasing 3% year over year. However, cumulative shipments in 6M26 were still down 7% year over year. Rising memory prices drove a 14% decline in low-end shipments, while mid- to high-end models grew by approximately 10% in aggregate, supported by promotions from Huawei and other Android brands.
Bernstein’s China smartphone monthly tracker shows that June China smartphone sell-through reached 28 million units, rebounding sharply by 62% month over month and increasing 3% year over year. However, cumulative shipments in 6M26 were still down 7% year over year. Rising memory prices drove a 14% decline in low-end shipments, while mid- to high-end models grew by approximately 10% in aggregate, supported by promotions from Huawei and other Android brands.
Apple: F3Q26 Preview—Products and iCloud/AppleCare+ Expected to Outperform, Offsetting a Slowdown in the App Store (Goldman Sachs)
Goldman Sachs expects Apple’s (AAPL.US) F3Q26 results to exceed expectations. The key change is the strong performance of its products—particularly Mac and iPad—as well as services such as iCloud and AppleCare+, which should more than offset slowing growth at the App Store. Market concerns about Apple’s hardware innovation cycle and App Store regulatory risks may be overstated, while the replacement cycles for Mac and iPad and the resilience of services such as iCloud may be underestimated.
Goldman Sachs expects Apple’s (AAPL.US) F3Q26 results to exceed expectations. The key change is the strong performance of its products—particularly Mac and iPad—as well as services such as iCloud and AppleCare+, which should more than offset slowing growth at the App Store. Market concerns about Apple’s hardware innovation cycle and App Store regulatory risks may be overstated, while the replacement cycles for Mac and iPad and the resilience of services such as iCloud may be underestimated.
