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G Sachs: Apple Inc. (AAPL.US) Maintains Solid Gross Margin, Should Ease Memory Cost Concerns
G Sachs reported that Apple Inc. (AAPL.US) is expected to see its stock rise following better-than-expected fiscal 2Q26 EPS and revenue, with gross margin also surpassing forecasts. Strong iPhone sales and a product gross margin of 38.7% demonstrate the company’s ability to maintain profitability despite rising raw material costs, partially alleviating concerns about memory cost pressure. G Sachs reiterated a “Buy” rating with a target price of USD330, noting that future guidance will be key to assessing sustained iPhone momentum and cost management.