Apple Stock Analysis 2026: AI & Hardware to Drive Growth Despite Cost Headwinds – News and Statistics
Feb 1, 2026
Apple (AAPL) stock is inching down on Jan. 30, as rising memory costs temper enthusiasm about future gains despite record revenue on staggering iPhone demand in fiscal Q1, according to a report from Barchart.com. At the time of writing, Apple shares are up some 50% versus their 52-week low.
Why JPMorgan Is Bullish on Apple Stock
In his research note, senior JPMorgan analyst Samik Chatterjee argued higher memory costs are unlikely to significantly hurt Apple margins as the titan has favorable long-term contracts with its suppliers. Moreover, AAPL stock is currently trading at a forward price-to-earnings (P/E) ratio of about 31x, which is lower than its multiple during previous super cycles.
As…
