Seaport Analyst Praises Apple's Memory Strategy Amid Margin Warnings

Seaport Research Partners' Jay Goldberg called Apple's memory strategy 'a good move' post fiscal Q2 results but warned of gross margin pressure from rising memory prices. This follows UBS's pre-earnings outlook expecting a March-quarter revenue beat (~$109B, iPhone ~$56.2B) and raised June-quarter forecast to ~$102B with iPhone units at 50.3M (+20% YoY revenue). UBS hiked its price target to $287 and EPS for 2026/27 to $8.46/$9.28 despite DRAM costs +160% YoY and NAND +80% YoY, highlighting services growth as an offset. Analysts balance long-term positioning gains against short-term cost risks.