Bernstein says iPhone growth remains supported by genuine end-demand and the iPhone 17 series is continuing to gain share. Rising memory prices are pressuring the broader handset industry, and Apple’s higher margins may make it more resilient. Bernstein maintains an OUTPERFORM rating with a $370 target price.

2026-09-03

Bernstein says iPhone growth remains supported by genuine end-demand and the iPhone 17 series is continuing to gain share. Rising memory prices are pressuring the broader handset industry, and Apple’s higher margins may make it more resilient. Bernstein maintains an OUTPERFORM rating with a $370 target price.