Apple reported Q1 earnings that exceeded market expectations, fueled by robust performance in its iPhone and services segments. Growth was particularly notable in the Chinese market, reinforcing the company's global resilience and profitability. Following these results, analysts have raised the price target for AAPL to $293.08, with a bullish scenario reaching $324.05 by fiscal year 2027. For the second quarter, the tech giant projects sales growth between 13% and 16%, supported by strong gross margins of 48% to 49%. The services division is also expected to maintain double-digit growth, further boosting free cash flow expectations. This positive outlook underscores Apple's ability to maintain high profitability and market leadership despite broader macroeconomic challenges.
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