For me,
$Apple(AAPL)$ ’s earnings are more a “margin vs narrative” test than a pure upside surprise. iPhone and Mac strength is already well flagged, so the key isn’t just beating EPS—it’s whether Apple can defend its valuation during leadership transition while keeping margins stable.
On memory costs, I lean toward Apple passing through part of the increase rather than fully absorbing it. DRAM and NAND inflation is too large to ignore, and absorbing it would hurt long-term earnings power. Modest price increases with stable demand would actually be more bullish, as it reinforces pricing power.
Overall, I’m cautiously positive but not expecting a breakout. The real catalysts are WWDC and AI/Siri progress, plus the iPhone Fold cycle in 2026. If Apple avoids a margin shock and shows incremental AI progress, I’d view this as a stabilisation quarter rather than a peak moment.
@Tiger_Earnings @TigerStars @Tiger_comments @TigerClub
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