Goldman Deems Apple Concerns Overly Pessimistic, EPS $2

Goldman Sachs rebuts negative sentiment on Apple, labeling concerns about margin pressure and DRAM price impact as overly pessimistic.
Goldman forecasts fiscal Q2 EPS of $2.00, above Street consensus $1.93, expecting iPhone, Mac and gross margin outperformance.
Services revenue projected 14% YoY growth, driven by iCloud+, AppleCare+, Apple TV+ price hikes and strong advertising performance.
Upcoming catalysts include WWDC AI Siri features and the fall iPhone lineup, touted as the most innovative ever with iPhone Fold.