on 28-Sep-2026 U.S. IT Hardware Apple Inc Rating Outperform Price Target AAPL 370.00 USD 25 September 2026 Estimate Change mark.newman@bernsteinsg.com Phoebe Sun phoebe.sun@bernsteinsg.com Viola Chen +1 917 344 8614 Apple: How bad could December Qtr Gross Margins be? Apple's recent product release didn't disappoint (see our analysis here), but given rising memory costs, concerns linger on what this means for gross margins in the December quarter (FQ1'27). We analyze here the potential impact with new BOM, p ...