BofA Says Wall Street May Be Misreading Apple
Bank of America analyst Wamsi Mohan says Apple’s staggered iPhone launch may distort analyst models for revenue and margins in coming quarters.
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02:41:50 PM UTC
SquawkNews
Bank of America cut its fiscal 2027 iPhone forecast for Apple NASDAQ:AAPL by nine million units to 247 million, according to a Friday note to clients.Wall Street expects 260 million units. Analyst Wamsi Mohan pointed to Apple's decision to stagger this year's iPhone launches.The Pro, Pro Max and Du…