Daiwa Raises Apple (AAPL.US) Price Target to US$310 Following Strong Quarterly Results Exceeding Expectations

Apple's Strong Financial Performance: Apple reported a quarterly revenue of US$143.8 billion for 1FQ 2025, a 16% increase YoY, exceeding expectations by US$5 billion, with an EPS of US$2.84, surpassing forecasts by US$0.17.

Future Revenue Guidance: The revenue guidance for 2FQ 2026 suggests a strong YoY growth of 13-16%, despite supply chain constraints and low channel inventory.

Analyst Outlook: Daiwa maintains a positive outlook on Apple's stock, viewing it as a core tech holding, and has raised its target price from US$300 to US$310, while keeping the rating at Outperform.

Market Sentiment: Michigan's Consumer Sentiment for February improved to 57.3, indicating a positive shift in consumer confidence compared to the previous value of 56.4 and a forecast of 55.