Apple (AAPL) made a number of software-related announcements at its annual developer conference, but the announcements made at WWDC were “more evolutionary than revolutionary” and unlikely to drive iPhone demand, UBS tells investors in a research note. UBS believes consensus iPhone revenue estimates over the next four quarters are too optimistic. The firm has a Neutral rating and $210 price target on the shares.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Apple WWDC sets shares up well for 2026, says Citi
- Citi places ‘upside 90-day catalyst watch’ on Qorvo, Skyworks
- Apple’s WWDC ’25 Innovations: Foundation Models Framework and Liquid Glass UI Drive Buy Rating
- Apple’s WWDC keynote shows company ‘playing it safe’ on AI, says Wedbush
- Apple introduces new software design